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Mortgage Market Update
Jessica Higgins
Jessica Higgins
Thursday, September 3, 2026
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Choosing between fixed and adjustable rates |
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Hi there. One of the biggest decisions in getting a mortgage isn't always obvious at first glance—but it shapes your payment and peace of mind for years to come.
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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 or adjustable: which loan fits your plan?
When you're shopping for a mortgage, the interest rate gets most of the attention—but the loan structure itself matters just as much. A fixed-rate mortgage keeps your payment steady for the life of the loan, which works well if you plan to stay put and want predictability. An adjustable-rate mortgage may start lower, but the rate can change after an initial period, which could increase your payment down the road. Your choice depends on how long you expect to keep the home, your comfort with payment changes, and where rates are headed. I'm happy to walk through both options and show you what each scenario looks like for your situation. Let's talk through which loan structure makes sense for your timeline and 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 Jessica Higgins team any time and we'll walk you through your options. |
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