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Mortgage Market Update
Mayra Stewart
Mayra Stewart
Thursday, September 3, 2026
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How much equity do you have now? |
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Hi there. Building equity in your home is one of the quietest, most powerful wealth moves you can make. Here's what you need to know about tapping into it.
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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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Equity Basics
When you can borrow against your home
As you pay down your mortgage and your home appreciates, you build equity—real wealth sitting in your property. Once you've accumulated enough, you have options: a home equity loan, a line of credit, or a cash-out refinance. Each works differently, and which makes sense depends on your goals, timeline, and current rate environment. Whether you're thinking about a renovation, debt consolidation, or just want to know what you can access, understanding your equity position is the first step. I'm happy to walk you through what you have available and what each option might look like for your situation. Let's talk about your home's equity and what you might do with it.
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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 Mayra Stewart team any time and we'll walk you through your options. |
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