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Mortgage Market Update
My Mortgage Company
Jose L Calvo Jr — Jose Calvo Jr
Thursday, September 3, 2026
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Fixed or adjustable—what's best for you? |
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Hi there. This week I want to cover one of the most important questions I get from borrowers: which type of mortgage rate actually works best for their life.
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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 vs. adjustable: which fits your plan?
One of the biggest decisions in a mortgage isn't just the rate—it's whether that rate stays locked in or changes over time. A fixed-rate mortgage keeps your payment steady for the life of the loan, which makes budgeting predictable and protects you if rates climb. An adjustable-rate mortgage often starts lower but can change after an initial period, which works well if you're planning to sell or refinance before the adjustment kicks in. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in the home. I'd love to walk you through how each option plays out in your specific situation. Let's talk about which loan structure makes sense for your 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 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
Jose L Calvo Jr — Jose Calvo Jr
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