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Mortgage Market Update
My Mortgage Company
Christian Best
Thursday, September 3, 2026
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How much equity are you sitting on? |
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Hi there—I've been thinking about the conversations I have with clients about their home's value and what they've paid into it over time. Thought I'd share some perspective this week.
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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 & Home Value
The wealth you're building might surprise you
Every mortgage payment moves money from your lender's pocket into yours—through principal paydown and, often, home appreciation. Over time, that builds real wealth. The longer you own, the more equity accumulates. If you've been in your home for a few years, you might have more built up than you realize. Understanding your equity matters, especially if life changes and you're curious about your options down the road. Whether you're thinking about refinancing, a home improvement, or just want to know where you stand, I'm here to help you see the full picture. Let's talk about how much equity you've built and what it could mean 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
Christian Best
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