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Mortgage Market Update
James S Boggs
James S Boggs
Thursday, August 20, 2026
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What type of loan should you consider? |
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There's a lot to think about when you're financing a home. This week, I want to help you understand the different paths available to you.
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National Mortgage Rates · August 13, 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 loan type fits your situation?
Not all mortgages are created equal, and the right program for you depends on your timeline, risk tolerance, and financial picture. A 30-year fixed loan offers predictable payments and stability. An adjustable-rate mortgage might start lower but can change over time. FHA, VA, USDA, and conventional loans each have different requirements and benefits. Understanding which one aligns with your goals—whether you're buying your first home, refinancing, or planning to stay put for decades—makes a real difference in your long-term costs and peace of mind. I'm happy to walk you through the options that make the most sense for where you are right now.
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Tip of the Week
If your credit score is below 740, even small improvements before applying for a mortgage can save you thousands over the life of the loan.
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Tips for Homeowners
Weatherproofing Your Home Before Winter
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1.
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Clean your chimney if you have a fireplace. The National Fire Protection Association recommends annual inspection and cleaning to prevent chimney fires.
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2.
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Check attic insulation and ventilation before winter. Inadequate insulation leads to heat loss, higher energy bills, and ice dams on the roof that can cause significant damage.
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3.
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Inspect weatherstripping on all exterior doors. A simple dollar-bill test works: close the door on a bill — if you can pull it out easily, your weatherstripping needs replacing.
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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 James S Boggs team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150, Chandler, AZ 85286
210-378-5189 | https://www.barrettfinancial.com/jboggs
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