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Mortgage Market Update
My Mortgage Company
Silvia McGeary with Unity Mortgage, LLC
Thursday, September 3, 2026
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Do you know how much equity you have? |
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Hi there,
One of the best parts of owning a home is how it works for you over time. Let me explain what I mean.
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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 equity can open doors
One of the biggest advantages of homeownership is that your monthly payments build equity—that's the difference between what your home is worth and what you owe. Over time, that equity grows, and it can become a real financial tool. Whether you're thinking about a major home project, handling an unexpected expense, or planning ahead, understanding what you've built can help you make smarter decisions. The more you own, the more options you may have. If you'd like to know what your current equity position looks like, I'm here to walk through it with you—no pressure, just clarity. Reach out if you'd like to talk through your home's equity and what it could mean for you.
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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
Silvia McGeary with Unity Mortgage, LLC
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