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Mortgage Market Update
Angela Carter
Edge Home Finance
Thursday, September 3, 2026
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Fixed or adjustable—what's right for you? |
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Hi there,
There's more to choosing a mortgage than just finding the lowest rate. Let me explain what I mean.
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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 Program Fit
Fixed or adjustable: which mortgage suits your plan?
One of the most important choices you'll make isn't about the rate—it's about the structure of your loan itself. A fixed-rate mortgage keeps your payment steady for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage typically starts lower but can change over time, which works better if you're planning to sell or refinance within a few years. Your timeline, risk tolerance, and how long you plan to stay in the home should all factor into this decision. I'd love to walk through which structure makes sense for your situation. Let's talk about which mortgage type aligns with your goals—reach out anytime.
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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 Angela Carter team any time and we'll walk you through your options. |
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972-900-2134 | www.AngieKnowsLoans.com
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