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Mortgage Market Update
My Mortgage Company
LaTasha Walker
Thursday, September 3, 2026
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How much equity are you sitting on? |
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Hi there. This week I want to circle back to something that matters more than a lot of people realize: the equity you've built in your home.
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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 & Access
Your home's equity is working harder than you think
A lot of homeowners don't realize that as you pay down your mortgage and your home appreciates, you're building real wealth. That equity can be a financial tool—whether you need to tap it for a major expense, consolidate debt, or invest in a renovation that adds value back. The best part is you don't have to sell your home to use it. If you've been in your home for a few years, you may have more options than you think. I'd love to walk through what your equity position looks like and what it might mean for your situation. Let's talk about what you've built—reach out and we can review your options.
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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
LaTasha Walker
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