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Mortgage Market Update
Annette Judd
Annette Judd
Sunday, September 6, 2026
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How much equity are you sitting on? |
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Hi there. This week I want to remind you of something that's quietly working in your favor every single day.
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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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Equity Building
Your home builds wealth while you sleep
Every mortgage payment you make does two things at once: it puts a roof over your head, and it builds equity in your home. Early on, most of your payment goes toward interest, but over time, that balance shifts. You're essentially forcing yourself to save by paying down your loan balance month after month. On top of that, if your home's value rises—which historically it does—you're building equity without lifting a finger. This matters because equity is real wealth you can tap into later, whether you need it for emergencies, home improvements, or other life goals. If you're curious about how much equity you might have by now, or how to put it to work strategically, I'd love to walk through your options. Give me a call or shoot me a message, and we can talk about your equity 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 Annette Judd team any time and we'll walk you through your options. |
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