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Mortgage Market Update
My Mortgage Company
Matt Vern
Thursday, September 3, 2026
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What's your home actually worth today? |
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Home values matter—not just to real estate agents, but to you as a borrower. I want to explain why and how it affects your choices.
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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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Smart Money
Why your home's value matters more than you think
As a homeowner, you're building something most renters never will: real wealth. Every mortgage payment you make chips away at what you owe while your home appreciates over time. That combination is powerful. Understanding what your home is worth today—not just what you paid for it—opens doors. It helps you see your financial options clearly, whether that's refinancing to a better rate, tapping into equity for a major expense, or simply knowing where you stand. I encourage homeowners to get a sense of their home's current value at least once a year. Market conditions shift, neighborhoods change, and your financial picture evolves. Knowing your position gives you real confidence in your next move. Let's talk about what your home is worth and what options that creates 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
Matt Vern
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