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Mortgage Market Update
My Mortgage Company
Marysol Ruiz
Thursday, September 3, 2026
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How much equity do you have right now? |
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I hope you're doing well this week. Let me share something that often surprises homeowners when we talk about it.
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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 than you think
Every payment you make builds equity in your home—that's the difference between what your house is worth and what you still owe. Over time, that grows into real financial power. Some homeowners don't realize how much equity they've accumulated, which means they're missing opportunities to tap into it if they need to. Whether you're thinking about a major expense, home improvement, or just want to know where you stand, it's worth finding out your actual number. I can help you understand how much equity you've built and what options might be available to you. Let's talk about your home's equity and what it means for your financial picture.
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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
Marysol Ruiz
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