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Mortgage Market Update
My Mortgage Company
Steve Lawrence
Thursday, September 3, 2026
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Do you know how much equity you have? |
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Hi there—this week I want to walk you through something that often gets overlooked.
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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 & Borrowing
You might have more money available than you think
As a homeowner, you've likely built equity—the difference between what your home is worth and what you still owe. That equity can be a powerful financial tool if you need it. A cash-out refinance or home equity line of credit lets you tap into that value for major expenses: repairs, education, debt consolidation, or other goals. The process is straightforward, and you may be surprised at how much you've already built up in your home. If you're thinking about a big financial move this year, it's worth a conversation to see what options make sense for your situation. Let's talk about whether tapping your home's equity could work 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
Steve Lawrence
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