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Mortgage Market Update
My Mortgage Company
Sandra Johnson
Thursday, September 3, 2026
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Do you know how much equity you have? |
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Hi there—this week I'm thinking about one of the most overlooked tools homeowners have: the equity they've built over time.
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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 & Refinancing
Your home's equity might unlock options
If you've owned your home for a few years, you've likely built equity—the difference between what your home is worth and what you still owe. That equity can work for you in real ways. Some borrowers use it to refinance into better loan terms. Others tap it to fund repairs, pay down debt, or cover life expenses through a cash-out refinance or home equity line of credit. The key is understanding what you have available and whether using it makes sense for your situation right now. Every homeowner's circumstances are different, which is why it's worth a conversation. I'd be happy to walk you through your options and help you figure out if your equity is an opportunity worth exploring. Let's talk about what your equity could mean for you—reach out whenever you're curious.
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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
Sandra Johnson
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