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Mortgage Market Update
My Mortgage Company
Capital Mortgage Source
Thursday, September 3, 2026
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You might have more financial flexibility than you think |
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Hi there. I wanted to share something that comes up often in conversations with homeowners—and it's almost always good news.
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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 Insight
How to use your home equity strategically
If you've owned your home for a few years, you likely have equity built up—the difference between what your home is worth and what you owe. That equity can be a powerful financial tool. Some people tap it for home improvements that add value, others use it to consolidate debt or cover major expenses. The key is understanding your options: a cash-out refinance, a home equity line of credit, or a home equity loan each work differently and suit different situations. Before you decide, it's worth talking through the pros and cons with someone who knows your full picture. I'm here to help you explore what makes sense for your goals and your budget. If you'd like to discuss how your equity could work for you, let's set up a quick call.
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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
Capital Mortgage Source
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