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Mortgage Market Update
My Mortgage Company
tuna egg mayo
Friday, September 4, 2026
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What's your home equity worth to you? |
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Hey there. This week I want to talk about something a lot of homeowners overlook—the real value sitting in their homes right now.
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National Mortgage Rates · September 3, 2026
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Conventional 30-Year
6.71%
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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
Your equity is real money—here's how to use it
If you've owned your home for a few years, you likely have equity built up—the difference between what your home is worth and what you owe. That's not just a number on paper; it's an asset you can actually tap into. Some borrowers use it to fund home improvements, consolidate debt, or cover unexpected costs through a cash-out refinance or home equity line of credit. The key is using it strategically and only when it makes sense for your situation. If you're curious whether your equity could work for you right now, I'd love to walk through your options and show you what might be possible. Let's talk about whether your home equity could help you reach a goal.
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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
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