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Mortgage Market Update
My Mortgage Company
Katie Maynard
Thursday, September 3, 2026
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Do you know how much equity you have? |
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Hi there,
One of the best parts of owning a home is building equity over time. Let me show you how it might work in your favor.
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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 & Access
Your home's equity might unlock more than you think
If your home has gained value over the years, you're sitting on equity—the difference between what your home is worth and what you still owe on your mortgage. That equity can be a powerful financial tool. Whether you're thinking about a home improvement project, consolidating debt, or funding a major life expense, a home equity loan or line of credit lets you tap into that built-up value at rates that are often better than credit cards or personal loans. The key is understanding what options make sense for your situation and how they fit into your overall financial picture. If you'd like to explore whether your equity could work for you, I'd be happy to walk through the numbers and possibilities. Reach out and 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
Katie Maynard
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