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Mortgage Market Update
My Mortgage Company
The Mortgage Tigers
Thursday, September 3, 2026
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Do you know how much equity you have? |
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Hi there. I wanted to share something I see help borrowers make smarter money moves.
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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 Strategy
What your home's value means for your finances
As a homeowner, you're building something most renters never will — equity. That's the difference between what your home is worth and what you still owe on it. Whether your home has appreciated, stayed steady, or shifted, understanding your equity position matters because it opens doors: you might refinance to a better rate, tap equity for a major expense, or simply know where you stand financially. I've helped borrowers discover they had more options than they realized, just by taking a clear look at their equity. If you're curious about yours, or wondering what it could mean for your next move, let's talk. Reach out and we can look at your situation together.
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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
The Mortgage Tigers
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