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Mortgage Market Update
My Mortgage Company
Jason Brown
Saturday, September 5, 2026
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How much equity do you actually have? |
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Building wealth through homeownership isn't flashy, but it's one of the most reliable ways to secure your financial future. This week, I want to help you see the bigger picture of what your mortgage is doing for you.
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National Mortgage Rates · September 3, 2026
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Conventional 30-Year
6.71%
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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 harder than you think
Every payment you make builds equity in your home—that's the difference between what your house is worth and what you still owe. Over time, this grows into real wealth. Many homeowners don't realize how much equity they've accumulated, especially if they've been paying their mortgage for several years. Knowing your equity matters because it opens doors: you might refinance into better terms, tap into it for a major expense, or understand your true financial position if life changes. I'd encourage you to think about your home not just as a place to live, but as a long-term investment in your own security. Let's talk about how much equity you've built and what that means for your future.
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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
Jason Brown
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