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Mortgage Market Update
Your Lender Erin
Xpert Home Lending
Thursday, September 3, 2026
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Which mortgage program is right for you? |
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Hi there. Every borrower's situation is different, and the mortgage you choose should reflect that.
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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 are built the same
When you're ready to buy or refinance, the type of loan you choose matters as much as the rate itself. Different programs come with different rules about down payments, credit requirements, how long you lock in your rate, and what happens if rates change. Some borrowers benefit from flexibility; others want predictability. Understanding which program fits your situation — and your timeline — can mean the difference between a smooth closing and unexpected surprises down the road. If you've been thinking about a mortgage move but weren't sure where to start, this is worth a conversation. Let's talk about which loan program makes sense for your goals.
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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 Your Lender Erin team any time and we'll walk you through your options. |
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5103046216 | www.yourlendererin.com
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