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Mortgage Market Update
My Mortgage Company
Darryl Bowles
Thursday, September 3, 2026
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Fixed or adjustable—which is right for you? |
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Hi there. This week I want to talk about something that doesn't always get enough attention when people are comparing mortgages.
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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 Money
Why your loan type matters more than you think
When you're shopping for a mortgage, it's easy to fixate on interest rates. But the structure of your loan—whether it's a fixed rate, adjustable rate, or something in between—shapes your finances for years. A fixed-rate loan locks in predictability; an adjustable-rate loan might offer a lower starting point but introduces future uncertainty. Each has real trade-offs depending on how long you plan to stay, how your income might change, and how comfortable you are with payment shifts down the road. Understanding which loan type fits your life matters as much as the rate itself. I'd be happy to walk through your options and explain how each one would work for your situation. Let's talk about which loan structure makes sense for you.
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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
Darryl Bowles
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