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Mortgage Market Update
My Mortgage Company
Jeffrey Thomas Kenney
Thursday, September 3, 2026
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Do you know your home's equity value? |
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Hi there. One of the most underused financial tools homeowners have is sitting in their house—and most never take a real look at it.
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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 Building
How much home equity do you have right now?
Most homeowners don't check their equity balance regularly—but you should. Every mortgage payment you make builds equity in your home, and depending on how long you've owned it and what's happened to your home's value, you may have more than you realize. Knowing your equity matters because it can open doors: a cash-out refinance, a home equity line of credit, or simply peace of mind about your financial position. The process is straightforward, and I can help you understand exactly where you stand and what options might make sense for your situation. I'd be happy to walk through your equity position—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
Jeffrey Thomas Kenney
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