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Mortgage Market Update
Rhett Laufenburger
Rhett Laufenburger
Thursday, September 3, 2026
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Fixed vs. ARM: which fits your home plan? |
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Hi there. This week I want to break down one of the most important loan decisions you'll make — and why it matters to you personally.
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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 Flexibility
Fixed or adjustable: which loan makes sense for you?
When you're shopping for a mortgage or refinancing an existing one, one of the biggest decisions is whether to lock in a fixed rate for the life of the loan or choose an adjustable-rate mortgage (ARM). A fixed rate gives you payment stability and peace of mind — you know exactly what you'll pay every month. An ARM often starts lower, which can mean smaller early payments, but it adjusts over time based on market conditions. The right choice depends on how long you plan to stay in your home, your comfort with payment uncertainty, and your financial picture. There's no universally "better" option — it comes down to what works for your situation. Let's talk through which structure fits your goals and timeline.
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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 Rhett Laufenburger team any time and we'll walk you through your options. |
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