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Mortgage Market Update
My Mortgage Company
Processor Pro - For Deletion
Thursday, September 3, 2026
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How much of your home do you own? |
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Hi there. I wanted to share something about homeownership that often gets overlooked—the quiet power of building equity with every payment you make.
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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
Every payment builds your wealth
One thing I love about homeownership is that your mortgage payment works for you. Unlike rent, which goes to a landlord, your payment builds equity—the portion of your home you actually own. As you pay down your loan over time, that equity grows. It's one of the most powerful wealth-building tools available to everyday people. If you've owned your home for a few years, you may have built up more equity than you realize. Some homeowners use that equity to fund renovations, consolidate debt, or cover major expenses. If you're curious about what you've accumulated so far, I'd love to take a look and walk you through your options. Let's talk about your home's equity and what it could mean for your financial future.
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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
Processor Pro - For Deletion
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