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Mortgage Market Update
Cyndi Delcid
Cyndi Delcid
Thursday, September 3, 2026
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What happens when your home value goes up |
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Home values can shift over time, and when they do, your financial picture shifts with them. Here's what you should 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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Equity Strategy
What to do when your home gains value
As your home appreciates, you're building equity — the difference between what your home is worth and what you owe. That equity isn't just a number on paper. It can become a tool. Whether you're thinking about a major renovation, facing an unexpected expense, or planning for the future, knowing you have options can be reassuring. Some homeowners tap into equity when it makes sense; others prefer to let it sit. The key is understanding what's available to you and when it might actually serve your goals. If you'd like to explore what your current equity situation looks like and what options might be worth considering, I'm here to walk through it with you. Reach out and let's talk about what your equity could mean for your plans.
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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 Cyndi Delcid team any time and we'll walk you through your options. |
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