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Mortgage Market Update
Yvette Hernandez
Yvette Hernandez
Monday, September 7, 2026
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What's your home equity worth right now? |
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Hi there—this week I want to remind you of an advantage that often flies under the radar for homeowners. It's something that's been quietly growing in the background, month after month.
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National Mortgage Rates · September 3, 2026
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Conventional 30-Year
6.71%
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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 Building
Your home equity is working harder than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, this grows into real financial power. You can tap into it for home improvements, education, emergencies, or other goals through a home equity loan or line of credit. The longer you've owned your home, the more equity you likely have available. If you haven't checked your home's current value in a while, it might surprise you. I'd love to help you understand what you're sitting on and explore options that make sense for your situation. Let's talk about your equity and what it could mean 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 Yvette Hernandez team any time and we'll walk you through your options. |
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