A jumbo loan is a mortgage that exceeds the conforming loan limit set annually by the Federal Housing Finance Agency (FHFA). For 2026, that baseline limit is $832,750 for a one-unit home, and this figure applies uniformly across all 100 North Carolina counties since the state has no designated high-cost areas. Any single-family home loan above that amount is classified …
What is a Jumbo Mortgage Loan?
A jumbo loan (or jumbo mortgage) is a type of financing that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). Because these loans are not backed by Fannie Mae or Freddie Mac, they are utilized to finance luxury properties and homes in highly competitive real estate markets. 2026 Jumbo Loan Limits & Requirements When your …
Should I Apply for a Mortgage Before Looking at Houses?
Yes. Getting approved for a mortgage should be your very first step, well before you attend an open house or tour a property with a real estate agent. While it is tempting to start house-hunting immediately, looking at homes without a formal mortgage pre-approval puts you at a severe disadvantage. Here is exactly why you need to apply first: 1. …
When Should You Choose an Adjustable Rate Mortgage?
When is an adjustable rate mortgage better than a fixed-rate mortgage? Answer: An adjustable rate mortgage may be better when you want a lower initial rate, plan to sell or refinance before the adjustable period begins, or expect your income or financial situation to change in the next few years. It is not the right fit for every buyer, but …
What Does It Mean to Float a Mortgage Rate?
What is a Floating Mortgage Rate? When a borrower floats a mortgage, it means their mortgage interest rate has not been locked in yet. The rate may still change before closing based on market conditions, lender pricing, loan details, and timing. Floating can create opportunity if rates improve, but it also adds risk if rates rise. What Borrowers Should Know …
Should I Buy a Home in 2026?
Buying a home in 2026 can make sense for Raleigh buyers who are financially ready and want to stay ahead of shifting rates and competition. This guide covers timing, mortgage rate outlook, first-time buyer programs, loan options, and what to expect with upfront costs.
Comparing Adjustable-Rate Mortgages vs. Fixed-Rate Mortgages
Thinking about a home loan? This blog breaks down the differences between Fixed-Rate Mortgages (FRMs) and Adjustable-Rate Mortgages (ARMs) to help you decide which option fits your needs. With interest rates expected to decline, Fixed-Rate Mortgages may be the better choice in today’s market.
Stronger Home Sales
With a lack of major economic news, it was a relatively quiet week for mortgage markets. Rates ended slightly lower but remain near their highest levels since May. The most significant economic report released this week by the Institute of Supply Management revealed a modest upside surprise. The ISM national manufacturing index rose to 49.3, a little above expectations, but …
Fed Reaction
There was one final week this year packed with major economic news, and it was a wild one. On the negative side for mortgage markets, the Fed sharply scaled back its outlook for monetary policy easing, and consumer spending exceeded expectations. More favorably, the latest inflation data was lower than forecasted. The net effect was that mortgage rates reached their …
First Investment Property Purchase Tips
Investing in real estate is an exciting step toward building wealth. Learn tips for buying your first investment property, including financing options, evaluation rules, and strategies for long-term success.