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Mortgage Market Update
Allen Reynolds
Allen Reynolds
Thursday, September 3, 2026
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Understanding ARM adjustments |
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Hi there—I wanted to share something important this week about adjustable-rate mortgages and what homeowners should know before a rate adjustment happens.
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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
What to do when your rate adjusts
If you have an adjustable-rate mortgage or an ARM is coming up in your future, it helps to understand what happens when that initial fixed period ends. When your rate adjusts, your payment will likely change—sometimes significantly. The good news is you're not locked in forever. You'll have options: you can refinance to a new fixed rate, explore a different loan program, or make a plan to pay down principal faster. The key is not waiting until adjustment day to think about it. Starting that conversation now gives you time to understand your choices and move at your own pace, rather than feeling rushed. If you have questions about how an ARM works or want to explore your options, I'm here to help.
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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 Allen Reynolds team any time and we'll walk you through your options. |
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