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Mortgage Market Update
My Mortgage Company
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Thursday, September 3, 2026
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How much equity have you built? |
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Welcome to this week's newsletter. I'm sharing something I think about often when talking with clients: the quiet wealth you're building just by paying your mortgage.
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National Mortgage Rates · September 3, 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
Your home is working for you every month
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. Over time, this becomes real wealth. Some people don't realize how much equity they've accumulated until they need it for a major expense, a home improvement, or a life change. If you've been in your home for a few years, there's a good chance you have more equity than you think. Knowing your equity position helps you make smarter decisions down the road, whether that's refinancing, accessing funds, or planning your next move. I'd love to give you a quick picture of where you stand. Reach out and let's talk about your equity and what options it might open up for you.
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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
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