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Mortgage Market Update
Stacy Jetton
Edge Home Finance
Thursday, September 10, 2026
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Locking a rate vs. waiting it out |
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Hi there—one question I hear constantly is whether right now is the right time to move. Let me break down how to think about that choice.
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.76%
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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 Timing
When to lock in vs. when to wait
One of the toughest calls in lending is knowing whether to lock your rate today or bet that rates will drop tomorrow. There's no crystal ball, but I can tell you this: locking makes sense when rates hit a level you're comfortable with and you're ready to move forward. Waiting is a gamble. If rates fall, great—but if they rise, you've missed your window. The cost of guessing wrong is usually higher than the cost of locking a decent rate now. I always tell clients to focus on what they can control: your credit score, your down payment, your debt level. Those directly affect the rate you'll qualify for, regardless of what the broader market does.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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1.
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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2.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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3.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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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 Stacy Jetton team any time and we'll walk you through your options. |
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404-431-8843 | https://www.JetLoan.com
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