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Mortgage Market Update
My Mortgage Company
Ford Mortgage
Thursday, September 3, 2026
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You're building equity right now |
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Hi there — I wanted to share something that homeowners sometimes overlook: the power of equity. Every month, your mortgage is working harder than you might realize.
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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 working for you every month
Every payment you make builds equity in your home — that's the portion of your property's value you truly own. Over time, as you pay down your loan balance, your equity grows. This matters because it's real wealth sitting in your walls, and it opens doors later: you might tap into it for a major expense, use it to refinance into better terms, or leverage it if you ever want to move up. The sooner you understand how much equity you may have built, the sooner you can think strategically about your next move — whether that's staying put and building more, or exploring what's possible next. I'd be happy to talk through your current equity position and what it means for your situation.
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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
Ford Mortgage
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