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Mortgage Market Update
Angela Carter
Edge Home Finance
Thursday, August 20, 2026
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Picking the right mortgage program |
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Not every homeowner needs the same kind of loan. This week, I want to walk you through why program choice matters—and how it affects your long-term cost and peace of mind.
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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
Not all mortgages are the same
One of the biggest mistakes I see is borrowers thinking they have only one loan option. The truth is, there are several mortgage programs available, and the right one for you depends on your situation—how long you plan to stay in the home, your down payment, your credit, and your comfort with payment changes. A fixed-rate loan offers predictability. An adjustable-rate mortgage might start lower but can shift over time. Some programs require less down; others reward strong credit with better terms. The program that works for your neighbor might not be ideal for you. That's why I always ask questions first, then match the loan to your actual life plan, not the other way around. Let's talk about which program makes sense for your goals.
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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 Angela Carter team any time and we'll walk you through your options. |
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972-900-2134 | www.AngieKnowsLoans.com
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