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Mortgage Market Update
My Mortgage Company
Matt & Eliesha Cavanaugh
Thursday, September 3, 2026
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How much equity are you sitting on? |
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Many homeowners don't realize just how much financial flexibility their home can provide. I want to make sure you understand what you've built.
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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 home equity can do for you
If you've owned your home for a few years, you've likely built up equity—the difference between what your home is worth and what you owe on it. That equity isn't just a number on paper. It can be a real financial tool when you need it. Whether you're facing an unexpected expense, planning a major home improvement, or thinking about consolidating debt, your equity may give you options. The sooner you understand how much equity you have and what it means for your situation, the better positioned you'll be to make a smart move. I'd be happy to walk you through where you stand and what might make sense for your goals. Let's talk about your equity and what's possible—reach out anytime.
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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
Matt & Eliesha Cavanaugh
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