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Mortgage Market Update
My Mortgage Company
Justin Stein's Account
Thursday, September 3, 2026
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How much equity have you built? |
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Hi there—I hope you're doing well. This week I want to touch on something that quietly builds over time and often goes unnoticed until you really need 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 mortgage is doing more than you think
Every payment you make builds equity—the difference between what your home is worth and what you owe. Over time, that adds up to real financial power. Whether you're early in your mortgage or several years in, that equity can open doors: a home equity loan for repairs or education, a refinance into better terms, or simply a growing safety net. The longer you stay in your home, the faster equity typically grows. If you're curious about how much equity you've built or what options that might unlock, I'd be happy to walk through the numbers with you. It's a conversation worth having. Let's talk about your equity and what it 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 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
Justin Stein's Account
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