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Mortgage Market Update
My Mortgage Company
Tyler Croft
Thursday, September 3, 2026
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Your home might be worth more than you think |
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I hope you're doing well. This week I want to touch on something that often gets overlooked—the real financial power sitting inside your four walls.
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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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Home Equity
What you can do with your home's value
If you've owned your home for a while, there's a good chance you've built up equity—that's the difference between what your home is worth and what you still owe on it. Many homeowners don't realize this equity can be a financial tool. Whether you're thinking about a major home improvement, consolidating debt, or covering an unexpected expense, tapping into your equity through a refinance or a home equity line of credit might be an option worth exploring. The right move depends on your goals, your timeline, and how long you plan to stay in your home. I'd love to walk you through what makes sense for your situation. Get in touch and let's talk about whether your equity could work 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
Tyler Croft
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