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Mortgage Market Update
My Mortgage Company
Robin Conley
Thursday, September 3, 2026
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Your home equity, explained simply |
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I've been getting questions about how to use home equity smartly, and it's a conversation worth having. Here's what you need to know.
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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 your home's value means for your finances
If you've owned your home for a while, you likely have equity built up—the difference between what your home is worth and what you still owe. That equity is real money, and it can work for you in several ways. Some homeowners use it to fund major expenses, consolidate debt, or make home improvements. Others simply hold it as a financial cushion. The key is understanding what options exist and which one fits your situation. If you'd like to explore how your home's equity could support your goals, I'm here to walk you through the possibilities and what each one costs. Reach out and we can talk through what makes sense 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
Robin Conley
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