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Mortgage Market Update
My Mortgage Company
Sarah Hubbard
Thursday, September 3, 2026
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Your equity is growing faster than you think |
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Hi there. This week I want to talk about something quiet but powerful happening in your mortgage right now.
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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
The invisible advantage of paying your mortgage
Every payment you make builds equity—the difference between what your home is worth and what you owe. For many homeowners, this is the single largest wealth-building tool they'll ever have. As you pay down your loan balance month after month, you're not just covering interest; you're steadily increasing your stake in your home. That equity can become a resource down the road, whether you need to refinance, make improvements, or handle an unexpected expense. The sooner you understand how your payments are working for you, the better you can plan ahead. I'd love to walk you through where your equity stands and what options might make sense for your situation. Let's take a look at your equity picture—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
Sarah Hubbard
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