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Mortgage Market Update
My Mortgage Company
Kenneth Harter
Thursday, September 3, 2026
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Your home equity could be worth a look |
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Some of the best financial tools are hiding in plain sight—and they're often already in your home. This week, let's talk about equity and why it matters to your future.
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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
How much equity are you sitting on?
If you've owned your home for a few years, you likely have more equity than you realize. Equity is the difference between what your home is worth and what you still owe on your mortgage. As you make payments and property values shift, that number grows—and it can open doors. Homeowners with solid equity often have options: refinancing to better terms, tapping equity for home improvements or other goals, or building wealth faster. The tricky part is knowing what you actually have without guessing. I'd encourage you to reach out so we can talk through your situation and explore what your equity might mean for your financial picture. Let's have a quick conversation about where you stand.
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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
Kenneth Harter
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