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Mortgage Market Update
Scott Campbell
Scott Campbell
Thursday, September 3, 2026
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Fixed rate or ARM—which fits your plan? |
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Hi there. Picking a mortgage isn't just about the interest rate—the type of loan matters just as much.
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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? Finding your best match
One of the biggest decisions you'll make isn't about how much you borrow—it's about how your rate behaves over time. A fixed-rate loan keeps the same interest rate for the life of your mortgage, so your payment never changes. An adjustable-rate mortgage (ARM) typically starts lower but can move after an initial period. Neither is automatically "right"—it depends on how long you plan to stay in the home, your comfort with payment uncertainty, and market conditions. I help borrowers think through what kind of stability matters to their situation. If you're not sure which structure fits your goals, let's talk through the tradeoffs. Reach out and we can walk through which loan type makes the most 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 Scott Campbell team any time and we'll walk you through your options. |
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