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Mortgage Market Update
My Mortgage Company
Brandon Huynh
Thursday, September 3, 2026
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Have you checked your home equity lately? |
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Many homeowners don't realize how much equity they've built. This week I want to remind you why it matters—and what you might be able to do with 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 & Options
Your home's equity might be worth more than you think
If you've owned your home for a few years, you likely have built up equity—the difference between what your home is worth and what you still owe on your mortgage. That equity can open doors. Whether you're considering a cash-out refinance to fund home improvements, pay off other debts, or cover a major expense, or you're simply curious about your options, it helps to know what you're working with. Market shifts and mortgage paydown both play a role in how much equity you've accumulated. The best first step is a straightforward conversation about your situation and goals. I'm here to walk you through what's possible. Let's talk about what your equity can do 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
Brandon Huynh
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