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Mortgage Market Update
Alvin Ransom
Alvin Ransom
Thursday, September 3, 2026
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Fixed or adjustable: which works for you? |
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Hi there. This week I want to break down one of the most important decisions in a mortgage—and it's not the one most people focus on first.
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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
Fixed or adjustable: which rate type fits your plan?
One of the biggest choices in a mortgage isn't about the lender—it's about the rate itself. A fixed rate stays the same for the life of your loan, which means predictable payments and peace of mind. An adjustable rate often starts lower but can change over time, which works well if you plan to sell or refinance before any adjustment happens. Your timeline, risk comfort, and how long you see yourself in the home all matter here. The right choice depends entirely on your situation, not on what rates are doing this week. If you're unsure which direction makes sense for you, I'm happy to walk through how each option might play out with your specific 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 Alvin Ransom team any time and we'll walk you through your options. |
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Dallas, TX
(469)-564-1633 | https://alvinransom.theradcrm.com
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