Spencer Javier · September 3, 2026

How much equity do you have right now?

Mortgage Market Update

My Mortgage Company

Spencer Javier

Thursday, September 3, 2026

How much equity do you have right now?

Welcome back. This week I want to remind you of something powerful about homeownership that often goes unnoticed.

National Mortgage Rates · September 3, 2026

30-Year Fixed

6.71%

Rate trend

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.


Equity Building

Your home is working for you—here's how

Every mortgage payment you make builds equity in your home. That's money that stays in your pocket, not your lender's. Over time, as you pay down your loan balance and your home holds or gains value, that equity grows—and it can become a real financial asset.

Many homeowners don't realize how much equity they've accumulated, or how they might use it. Whether you're thinking about a major home improvement, consolidating debt, or simply want to understand your financial position better, knowing your equity matters. I'd love to walk you through where you stand and explore what options might make sense for your situation.

Let's talk about your home equity and what it means for your financial future.

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.

Tips for Homeowners

Jumbo Loans: What They Are and How They Work

1.

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.

2.

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.

3.

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.

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.

Your Mortgage Advisor

M

My Mortgage Company

Spencer Javier

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