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Mortgage Market Update
My Mortgage Company
Jessica Angulo
Thursday, September 3, 2026
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How much equity are you sitting on? |
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Hi there. I'm sharing something every homeowner should think about at least once a year.
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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
Your mortgage is working harder than you think
Every payment you make builds equity—that's the portion of your home you actually own. Most people focus on interest rates, but the real wealth-builder is this: as you pay down your loan balance, you're gaining ownership stake in your property. Over time, this becomes real money you can tap into if you need it. Whether rates rise or fall, that equity keeps growing. If you've been in your home for a few years, it might be worth understanding exactly how much you've built so far. It could open up options you didn't realize you had. I'd be happy to give you a quick picture of your home equity and what it means for your financial flexibility.
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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
Jessica Angulo
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