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Mortgage Market Update
My Mortgage Company
Sean Carter LLC | LPT Realty
Thursday, September 3, 2026
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How much equity are you sitting on? |
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Building a home means building wealth. This week we're talking about equity—what it is, why it matters, and how to make the most of it.
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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 home is working for you while you sleep
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this grows into real financial power you can tap into if you need it. Some homeowners don't realize how much equity they've accumulated, especially if they've been in their home for several years or if values have risen in their area. Knowing your equity position matters because it opens doors: you might refinance into better terms, pull cash for home improvements or other goals, or simply feel more secure knowing you're building wealth. I'd love to help you understand exactly where you stand and what options that unlocks for you. Let's talk about your home's equity and what it 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 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
Sean Carter LLC | LPT Realty
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