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Mortgage Market Update
My Mortgage Company
Elizabeth Fisher
Thursday, September 3, 2026
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How much equity are you sitting on? |
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One of the best-kept secrets about homeownership is how quietly your wealth grows. I want to make sure you know what that really means for your situation.
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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
Your mortgage is an investment in yourself
Every payment you make builds equity — that's the difference between what your home is worth and what you owe on it. Over time, this equity becomes real wealth you can borrow against, use for a major life goal, or leave to your family. The sooner you understand how much equity you've already built, the better decisions you can make about your financial future. Whether you're thinking about a home improvement, education costs, or just want to know where you stand, I can help you see the full picture of your home's value to you. Let's talk about what your equity means for your next chapter. I'd love to walk you through your equity and explore what options that opens up 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
Elizabeth Fisher
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