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Mortgage Market Update
Dorian Gonzalez
Dorian Gonzalez
Thursday, September 3, 2026
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Picking the right loan type matters |
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Hi there. This week I want to clear up some confusion I hear often about mortgage programs and which one is the right fit.
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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
Not all mortgages work the same way
When you're ready to buy or refinance, you'll hear terms like fixed-rate, adjustable-rate, FHA, conventional, and VA. Each one has different rules, costs, and protections built in. The right choice depends on your timeline, how long you plan to stay in the home, and what fits your budget. I see borrowers saved money—sometimes a lot—by understanding which program matched their situation rather than just picking the first option. The good news is you don't have to decode this alone. I can walk you through what's available and why one might make more sense than another for your specific goals. Let's talk about which loan program could work best for you.
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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 Dorian Gonzalez team any time and we'll walk you through your options. |
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