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Mortgage Market Update
My Mortgage Company
Dylan Crews
Thursday, September 3, 2026
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You may have more financial flexibility than you think |
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Hi there—I hope this finds you well. This week I want to touch on something that quietly builds as you pay your mortgage: home equity, and why it matters.
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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 Insights
How your home's equity can work for you
If you've owned your home for a few years, you likely have built equity—the difference between what your home is worth and what you owe on your mortgage. That equity isn't just a number on paper. It can be a valuable financial tool when you need it. Whether you're thinking about a major home project, consolidating debt, or handling an unexpected expense, understanding your options—like a home equity line of credit or refinancing—puts you in control. The key is knowing what makes sense for your situation. I'd love to walk you through how your equity could help you reach your goals. Let's talk about what your equity means for you.
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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
Dylan Crews
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