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Mortgage Market Update
My Mortgage Company
Raymond F Rodrigues
Thursday, September 3, 2026
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What you can do with your home equity |
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Many homeowners don't realize the financial flexibility they've built over time. Let's explore how your equity could work for you.
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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
If you've owned your home for a while, you've likely built equity—the difference between what your home is worth and what you owe. That equity isn't just a number on paper. It can be a real financial tool when you need it: funding a renovation, consolidating debt, covering a major expense, or even helping a family member. There are several ways to tap into it, each with different terms and costs. The right choice depends on your situation, timeline, and comfort level. I'd love to walk you through your options and help you understand what makes sense for your goals. Let's talk about whether accessing your equity could help you right now.
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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
Raymond F Rodrigues
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