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Mortgage Market Update
My Mortgage Company
Darcy Highfill
Thursday, September 3, 2026
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Do you know how much equity you have? |
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Hi there. As the year moves forward, many homeowners start thinking about their next financial move. One of the smartest first steps is understanding where you stand.
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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
You may have built more equity than you realize
If you've owned your home for a few years and made regular payments, you likely have equity—the difference between what your home is worth and what you still owe. That equity can be a valuable tool. Some homeowners use it to refinance into better loan terms, others tap it for home improvements or major expenses through a home equity line or loan. The key is understanding what you have available and what makes sense for your situation. Your equity is real money, and it's worth knowing the options. I'd be happy to walk through where you stand and what might work for you. Reach out anytime—I can give you a quick snapshot of your equity and talk through what it could mean for your goals.
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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
Darcy Highfill
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