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Mortgage Market Update
Mimi Boussekine
Mimi Boussekine
Thursday, September 3, 2026
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How much of your home do you actually own? |
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Hi there — I wanted to touch base with something that often flies under the radar for homeowners.
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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 working for you every month
Every payment you make builds equity in your home — that's the portion of ownership you actually own outright. Over time, as you pay down your loan balance, your equity grows, and that's real wealth sitting in your property. The faster rates and market conditions change, the more important it becomes to understand what equity you've built and what options it might unlock. Whether you're thinking about a future move, a home improvement project, or just want to know where you stand, knowing your equity position is a smart money move. I'd love to help you get a clear picture of where you are today. Reach out and we can review your current equity position.
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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 Mimi Boussekine team any time and we'll walk you through your options. |
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