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Thursday, September 10, 2026 |
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Mortgage Market Update
New homes vs. old homes: what actually costs more right now
The housing market is sending some surprising signals this week. We've picked out two stories that could directly affect your home buying plans and wallet.
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.76%
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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
Fixed vs. adjustable: which loan fits your plan?
When you're shopping for a mortgage or refinancing, one of the biggest decisions is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate. Fixed-rate mortgages give you payment certainty and peace of mind — your rate and payment never change. Adjustable-rate mortgages typically start lower but can move up after an initial period, which means your payment could increase. The right choice depends on how long you plan to stay in your home, your comfort with risk, and where rates are headed. If you're planning to be there long-term and want predictability, fixed might be your answer. If you're thinking of moving or refinancing within a few years, an adjustable option could work. I'd love to walk through both scenarios with you so you can feel confident about what you choose.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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Real Estate - Keeping Current Matters
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If you've assumed that newly built homes are always pricier than existing ones, the market has flipped that script. Right now, new construction can be competitive—or even cheaper—than resale homes in many areas. This shift changes the math for buyers weighing their options.
| Key takeaway: don't automatically rule out new homes based on price; compare actual listings in your market before deciding. |
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Real Estate - Keeping Current Matters
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The housing market isn't behaving the same way everywhere right now—it's actually running on two very different tracks depending on price point. Depending on where you're shopping, you might see a buyer's market or a seller's market, which means your negotiating power and timing strategy will differ.
| Key takeaway: understand where your price range sits in your local market, because that determines whether you have leverage or urgency in negotiations. |
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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 Paul Cederholm team any time and we'll walk you through your options.
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303-931-6798
Mortgage Broker | Cederholm Mortgage Advisors - Edge Home Finance · Unsubscribe
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