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Mortgage Market Update
My Mortgage Company
Becky Conner
Thursday, September 3, 2026
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What is your home's equity actually worth? |
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I've been thinking a lot lately about conversations I have with long-time homeowners who don't realize what they've built. Here's what I mean.
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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 & Access
Your home's equity might unlock new paths
If you've been a homeowner for a while, you've likely built up equity—that's the difference between what your home is worth and what you still owe. That equity can open doors. Some borrowers use it to refinance at better terms, consolidate debt, or fund home improvements that add value. Others tap into it strategically when life changes. The key is understanding what you have and what makes sense for your situation, not assuming one path is right for everyone. I'd love to walk you through what your equity position looks like and what real options might apply to you. Let's talk about what your equity means for your goals.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Becky Conner
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