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Mortgage Market Update
My Mortgage Company
Grisel Maldonado
Thursday, September 3, 2026
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Sitting on home equity? Here's what to know |
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Hello,
Equity builds quietly—but when you have it, you have choices. Here's what you should consider:
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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 & Refinancing
Your home's equity might unlock options
If you've been in your home for a few years, you've likely built up equity—the difference between what your home is worth and what you still owe. That equity can open doors. Some borrowers use it to refinance into better loan terms, lower their rate, or shorten their loan timeline. Others tap it for cash to handle big expenses or improvements. The right move depends entirely on your situation, goals, and the numbers that apply to you. If you're curious whether a refinance or equity-based loan makes sense, I'm here to walk through your specific options and what they might mean for your monthly payment and long-term finances. Let's talk about what your equity could do for you.
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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
Grisel Maldonado
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