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Mortgage Market Update
Gaby Lockhart
Gaby Lockhart
Thursday, August 20, 2026
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Picking the right loan program for you |
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Not all mortgages are created equal. The loan program you choose affects your flexibility, your costs, and your 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
Your loan program matters more than you think
When you're shopping for a mortgage, it's easy to focus only on interest rates. But the type of loan you choose—fixed-rate, adjustable-rate, FHA, VA, conventional—shapes your entire borrowing experience. Each program has different rules about down payments, credit requirements, and how your monthly payment behaves over time. The right program for someone else might not be right for you. That's why I always ask borrowers about their timeline, risk tolerance, and long-term plans before recommending a path forward. If you're not sure whether your current loan is the best fit, or you're curious what other options might be available to you, I'm here to walk through them. Let's talk about which loan program makes the most sense for your situation.
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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 Gaby Lockhart team any time and we'll walk you through your options. |
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