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Mortgage Market Update
Trevor Sanders
Thursday, September 3, 2026
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Picking the right mortgage program |
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Hi there,
With so many mortgage options out there, it helps to know which one actually matches your needs.
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National Mortgage Rates · August 27, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Loan Programs
Which mortgage program fits your situation?
Not all mortgages are created equal, and the right program for one borrower might not be right for another. Fixed-rate loans lock in your payment for the full term. Adjustable-rate mortgages start lower but can change later. Government-backed programs like FHA, VA, and USDA have their own rules and benefits depending on your circumstances. Some borrowers benefit from shorter loan terms, while others prefer the lower monthly payment of a longer one. The program you choose affects not just your monthly payment, but how much interest you'll pay over time and how much flexibility you have down the road. If you're not sure which option makes the most sense for your goals and budget, I'd be happy to walk through the pros and cons with you. Let's find the program that works for your situation—reach out anytime.
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Tip of the Week
Schedule a plumber to inspect older homes for slow leaks — water damage is expensive and often hidden until it's serious.
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Tips for Homeowners
Jumbo Loans: What They Are and How They Work
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1.
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A jumbo loan exceeds the conforming loan limit set by the FHFA — $766,550 in most areas for 2024, higher in designated high-cost markets. These loans can't be sold to Fannie Mae or Freddie Mac.
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2.
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Jumbo loans typically require stronger credit (often 700+), larger down payments (10–20%), and more cash reserves. Underwriting is more thorough and can take longer.
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3.
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Rates on jumbo loans are sometimes comparable to or even lower than conforming rates, depending on market conditions. Don't assume a jumbo loan means a worse deal — shop lenders.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Trevor Sanders team any time and we'll walk you through your options. |
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