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Mortgage Market Update
My Mortgage Company
Spencer Javier
Thursday, September 3, 2026
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Do you know how much equity you have? |
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Hi there, I hope you're having a solid week. Today I want to touch on something many homeowners overlook until they need it.
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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 Check
Your home's equity: what it means and why now matters
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 on it. That equity isn't just a number on paper. It can be a real financial tool when you need it. Some borrowers tap into equity through refinancing or a home equity line of credit to pay for major repairs, education, or debt consolidation. Others simply let it grow as their mortgage balances decrease. Understanding what you have available gives you options and peace of mind. If you're curious whether your equity position has changed, I'd be happy to walk through it with you. Let's sit down and review your equity picture — no obligation, just clarity.
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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
Spencer Javier
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