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Mortgage Market Update
My Mortgage Company
Jennifer Bedford — Jennifer Bedford
Thursday, September 3, 2026
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Does your mortgage payment stay the same? |
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A lot of borrowers don't realize there's a difference between fixed and adjustable mortgages until they see their statement change. Let me explain what's happening and why it matters.
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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 mortgage payment might change (and what to do)
If you have an adjustable-rate mortgage or are considering one, it's worth understanding how your payment can shift over time. Some borrowers lock in a fixed rate for peace of mind — others choose adjustable terms that start lower but can move with market conditions. The key is knowing what you signed up for and planning ahead. If you're unsure whether your loan is fixed or adjustable, or you're wondering whether a change makes sense for your situation, I'm here to walk you through it. A quick conversation can clear up confusion and help you feel confident about your mortgage. Reach out anytime — I'm happy to review your loan details and answer questions.
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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
Jennifer Bedford — Jennifer Bedford
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