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Mortgage Market Update
My Mortgage Company
Christos Peter
Thursday, September 3, 2026
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Do you know how much equity you have? |
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Hi there. Building a home that's truly yours is one of life's big wins—and part of that win is the equity you're accumulating along the way.
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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
Your home's equity can work for you
As a homeowner, you're building equity with every mortgage payment—and that equity is real money sitting in your property. Whether rates move or your neighborhood appreciates, that growing stake gives you options. Some homeowners use it to refinance into better terms, others tap it for major expenses or home improvements. The key is knowing what you have and understanding which moves make sense for your situation. The best time to explore your options is before you need them. I'd love to walk you through where you stand and what's realistic for your goals. Let's talk about your equity and what it means for your next move.
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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
Christos Peter
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