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Mortgage Market Update
My Mortgage Company
My Mortgage Company
Thursday, September 3, 2026
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The rate lock question to ask yourself |
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Hi there. One question comes up a lot during the mortgage process, and it's worth getting right.
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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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Smart Timing
When to lock in your rate
Rate locks are one of the most important decisions in the mortgage process—but the right timing depends on your situation. Some borrowers lock early for peace of mind; others wait to see if rates move in their favor. There's no one-size-fits-all answer, which is why it matters to talk through the tradeoffs with someone who knows your timeline and goals. If you're actively preparing to buy or refinance, understanding how rate locks work and what your options are can help you make a decision you feel confident about. I'd be happy to walk you through it. Reach out if you're thinking about locking in, or if you'd just like to understand your options better.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
My Mortgage Company
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