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Mortgage Market Update
My Mortgage Company
Jay White
Thursday, September 3, 2026
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Your home might be more valuable than you think |
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Home equity is one of those topics that feels complicated but really isn't. Let me break down why it matters to you.
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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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Home Equity
What your home's value means for your options
As you've been paying your mortgage, your home has likely appreciated and you've been chipping away at what you owe. That combination creates equity—real financial flexibility for your future. Whether you're thinking about a major renovation, paying for education, or consolidating debt, understanding your equity position helps you know what's actually available to you. The more equity you've built, the more doors that can open. If you're curious about where you stand or what your equity could do for you, I'd be happy to walk through it together. It's one of the best assets most of us build over time. Reach out anytime—I can help you understand your home's real financial picture.
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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
Jay White
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