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Mortgage Market Update
My Mortgage Company
Julia Davis
Thursday, September 3, 2026
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What you should know about your home equity |
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A lot of homeowners overlook one of their most valuable assets: the equity they've built. Here's why it matters and what you might 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 & Refinancing
What your home's equity can do for you
If you've been paying down your mortgage, you likely have equity built up—the difference between what your home is worth and what you owe. That equity isn't just something nice to know about; it can be a real financial tool. Depending on your situation, you might tap into it through a refinance, a home equity line, or a cash-out loan to fund home improvements, pay off higher-interest debt, or handle a major expense. The key is understanding whether accessing that equity makes sense for your goals and timeline right now. I'd be happy to walk through what your options look like. Reach out and let's talk about whether your equity could work 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
Julia Davis
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