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Mortgage Market Update
Nicholas Dolen
Nicholas Dolen
Thursday, September 3, 2026
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Fixed or adjustable—what's the real difference? |
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One of the biggest decisions in a mortgage happens before you even close. Let me break down a choice that affects your entire loan.
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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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Fixed vs. Adjustable
Why your loan type matters more than you think
When you're shopping for a mortgage, one of the biggest choices you'll make is whether to lock in a fixed rate or go with an adjustable one. A fixed rate stays the same for the life of your loan—predictable, stable, easy to budget around. An adjustable rate typically starts lower but can change after an initial period, which means your payment could go up (or down) later on. The right choice depends on your plans, your comfort with risk, and where rates are headed. Neither is wrong; it's about what fits your life and your peace of mind. I'd love to walk you through the pros and cons for your specific situation. Let's talk about which option 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 Nicholas Dolen team any time and we'll walk you through your options. |
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