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Mortgage Market Update
My Mortgage Company
Dallas Groves
Thursday, September 3, 2026
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Are you building equity faster than you think? |
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Hi there. I want to share something about homeownership that often gets overlooked—and it's genuinely worth paying attention to.
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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 does two things: it covers interest to your lender, and it builds equity—the ownership stake you're building in your home. Over time, as you pay down the principal, that equity grows. And here's what matters: your equity isn't just a number on paper. It's real wealth you can tap into if you need it, whether for a major expense, home improvement, or other financial goals. The longer you stay in your home, the more equity you accumulate. Understanding this is key to seeing your mortgage as an investment in your future, not just a monthly bill. If you'd like to talk about how much equity you may have built, or explore options for using it, I'm here to help.
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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
Dallas Groves
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