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Mortgage Market Update
My Mortgage Company
Cristi Hughes
Thursday, September 3, 2026
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Do you know how much home equity you have? |
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Hi there. One of the best parts of homeownership is building wealth in your property—but a lot of homeowners don't realize what they actually have to work with.
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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 & Refinancing
Your home's equity could be working harder
As a homeowner, you're building equity with every mortgage payment—but that equity can do more than just sit there. If your home has appreciated or you've paid down your balance significantly, you may have options to tap into that equity through a refinance or home equity loan. The right move depends on your goals: maybe you want to fund a renovation, consolidate debt, or adjust your loan terms. Before you decide, it's worth understanding what you have to work with and what today's market makes possible. I'd love to walk you through your specific situation and show you what options might make sense. Let's talk about whether your equity can help you reach your next goal.
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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
Cristi Hughes
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