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Mortgage Market Update
My Mortgage Company
Rafael Martinez
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 talk about something a lot of homeowners overlook. Your home has probably been quietly building wealth for you.
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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
Your equity is money you've already earned
If you've been paying your mortgage for a while, you likely have equity—the difference between what your home is worth and what you still owe. Many homeowners don't realize how much equity they've built up, or what they can do with it. Whether you're thinking about a major home improvement, consolidating debt, or covering a large expense, your equity can be a real financial tool. The sooner you understand what you have, the sooner you can decide if tapping into it makes sense for your situation. I'd love to walk through your numbers and show you what options might be available. Reach out whenever you're ready—no obligation to move forward, just helpful clarity.
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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
Rafael Martinez
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