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Mortgage Market Update
My Mortgage Company
Spencer Javier
Thursday, September 3, 2026
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How much is your home worth to you now? |
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Hi there. This week I want to focus on something many homeowners overlook: the real value building silently in their mortgage payoff.
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National Mortgage Rates · September 3, 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 Building
Your home equity is growing—here's what you can do with it
Every mortgage payment you make builds equity in your home. That's money working for you, especially if you've been in your house for a few years. Some of you may have more equity than you realize—and that opens doors. Whether you're thinking about a major home improvement, consolidating debt, or funding a life goal, a cash-out refinance or home equity line of credit might make sense. The key is understanding what you have, what it costs to access it, and whether the timing aligns with your financial picture. I've helped plenty of homeowners unlock their equity strategically. If you're curious about your options, I'd love to walk you through the numbers. Let's talk about how much equity you've built and what makes sense for your situation.
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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
Spencer Javier
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