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Mortgage Market Update
My Mortgage Company
Bruno De Oliveira
Thursday, September 3, 2026
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Can you access your home's equity? |
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Hi there—one of the smartest things about homeownership is that your payments build wealth over time. Today I want to show you what that might mean for your options.
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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 & Cash Out
Your home's equity might be more useful than you think
If your home has gained value over time, you've built equity — the difference between what your home is worth and what you still owe. That equity isn't just a number on paper. Depending on your situation, you may be able to tap into it through a cash-out refinance or home equity loan to pay for renovations, consolidate debt, or handle a major expense. The key is understanding whether accessing that equity makes financial sense for your goals and timeline. Every situation is different, which is why it's worth having a conversation about whether this option fits your needs. Let's talk about whether tapping your equity 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
Bruno De Oliveira
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