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Mortgage Market Update
My Mortgage Company
Jorge Ramirez
Thursday, September 3, 2026
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How much equity are you sitting on? |
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Hi there. I've noticed a lot of my clients don't realize how much financial power they've already built into their homes—and that's worth a conversation.
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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 & Refinancing
Your home's equity can work for you
If you've been in your home a few years, you've likely built equity—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper; it's real financial flexibility. You can tap it through a cash-out refinance, a home equity line of credit, or a home equity loan to fund renovations, pay off debt, or handle unexpected expenses. The key is understanding your options and whether the timing makes sense for your situation. Every homeowner's equity story is different, and so is the best way to use it. Let's talk about whether your equity could work harder for you right now.
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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
Jorge Ramirez
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