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Mortgage Market Update
Melanie Ross
Melanie Ross
Thursday, September 3, 2026
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Do you know what your home is worth today? |
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Hi there. This week I want to cover something that affects your money more than most homeowners realize—and it's easier to figure out than you might think.
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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 Value Trends
What your home is worth matters more than you think
Your home's current market value affects more than just bragging rights—it influences what you can borrow against, whether refinancing makes sense, and even your property tax assessment in some areas. If your neighborhood has appreciated since you bought, you likely have more equity available than you realize. That equity can be a financial tool when you need it, whether for home improvements, education, or other major expenses. The catch is that home values shift with local market conditions, and guessing isn't reliable. Understanding where your home actually stands helps you make smarter decisions about your mortgage and finances overall. I'd be happy to help you get a clear picture of your home's value and what options that opens up for you. Let's talk about what your home's current value 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 Melanie Ross team any time and we'll walk you through your options. |
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