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Mortgage Market Update
My Mortgage Company
Ruslan Kushnir
Thursday, September 3, 2026
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How much equity are you building each month? |
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We spend a lot of time talking about rates and payments—but there's something else happening behind the scenes that deserves your attention. I want to walk you through it today.
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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 Building
Your mortgage is doing more work than you think
Every payment you make builds equity—that's the portion of your home's value you actually own. Over time, this grows into real financial strength. Whether you're early in your loan or further along, that equity can become a tool: a cushion for unexpected expenses, a way to refinance into better terms, or even funding for home improvements that add value back to your property. The sooner you understand how your mortgage is working *for* you, the smarter decisions you can make down the road. If you'd like to talk through where you stand or explore what your equity might mean for your situation, I'm here to help. Let's talk about your equity and what it could mean for your financial goals.
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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
Ruslan Kushnir
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