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Mortgage Market Update
My Mortgage Company
Janine Baeza
Thursday, September 3, 2026
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What can you do with your home equity? |
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A lot of you have asked about using equity lately. This week, I want to break down the options and help you think it through clearly.
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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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Home Equity
What your equity can do for you
If you've been paying your mortgage for a few years, or if your home has appreciated, you likely have equity built up. That's real value you own, and it can work for you in a few ways—whether you're thinking about a major home project, managing other debt, or planning ahead. Understanding what options are available to tap into that equity responsibly is worth exploring, especially if life circumstances have shifted since you first bought. I'm here to walk through what makes sense for your situation. Let's talk about whether using your equity is the right move for you right now.
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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
Janine Baeza
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