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Mortgage Market Update
My Mortgage Company
Jonathan Capellen
Thursday, September 3, 2026
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Have you thought about what your equity can do? |
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Hi there — I wanted to share some thinking about home equity this week, and how it can 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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Home Equity
What you can do with the equity you've built
If you've been paying your mortgage for a while, you likely have equity in your home — the difference between what your home is worth and what you still owe. That equity isn't just sitting there. Depending on your situation, you may be able to tap into it for major expenses, home improvements, or to consolidate debt at a lower rate. The right move depends on your goals, your timeline, and what makes sense for your finances. I'd be happy to walk through your options and help you understand what's available to you. 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
Jonathan Capellen
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