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Mortgage Market Update
My Mortgage Company
Tailored Lending Capital
Thursday, September 3, 2026
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When do you start building real equity |
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Hi there. I wanted to cover something that often surprises homeowners when they see the numbers for the first time.
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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 Building
How much of your payment goes toward ownership
Every mortgage payment you make is split between interest and principal. Early on, most of that payment covers interest—that's just how loans work. But as time goes on, more and more of each payment builds equity in your home. It's one reason staying in a home for several years tends to work in your favor. Understanding this breakdown also matters if you're thinking about refinancing or tapping into your equity down the road. The longer you've been paying, the more you own. I'm happy to walk you through what your specific situation looks like. Let's talk about your equity position and what it means for your options.
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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
Tailored Lending Capital
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