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Mortgage Market Update
Beau Benjamin
Beau Benjamin
Monday, September 7, 2026
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Do you know how much equity you've built? |
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Hi there. One of the most valuable tools you own might be sitting right under your nose—and you may not even realize it.
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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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Home Equity
How much equity do you actually have?
A lot of homeowners don't know their real equity position—and that's a missed opportunity. Your equity is the difference between what your home is worth today and what you still owe on your mortgage. Over time, as you make payments and your home appreciates, that number grows. Understanding it matters because equity opens doors: it can qualify you for better loan terms, help you consolidate debt, or fund a major project without starting over with a new mortgage. The tricky part is that home values shift, and many people estimate based on outdated information. If you're curious where you stand, I'm happy to walk through it with you—no obligation, just clarity. Let's talk about what your equity could mean for your financial goals.
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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 Beau Benjamin team any time and we'll walk you through your options. |
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