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Mortgage Market Update
My Mortgage Company
Melissa Graham
Thursday, September 3, 2026
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What can your home equity do for you? |
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Building equity in your home is a real financial win. But what comes next?
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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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Smart Money
Should you tap your home equity?
If you've owned your home for a few years, you've likely built equity—and that opens up options. A home equity line of credit or loan lets you borrow against what you own, often at favorable rates, for major expenses like renovations, education, or debt consolidation. The key is using it strategically: these tools work best when you have a clear plan for the money and confidence you can manage the payments. Before you borrow, it's worth sitting down to run the numbers and understand how it fits into your bigger financial picture. I'm happy to walk through what makes sense for your situation. If you're curious whether a home equity option might work for you, let's talk through it 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
Melissa Graham
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