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Mortgage Market Update
Antonio Bullock
Antonio Bullock
Sunday, September 6, 2026
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How much equity do you have right now? |
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As your loan officer, I want to make sure you're thinking about your mortgage not just as a monthly bill, but as a wealth-building tool. This week, let's talk about equity.
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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 is working for you every month
Every payment you make builds equity—that's the difference between what your home is worth and what you owe. Over time, this grows into real wealth. Some borrowers forget this is happening quietly in the background, especially in the early years when most of your payment goes to interest. But the equity compounds, and it becomes a financial cushion you can tap into later for major expenses, a home upgrade, or other goals. If you've owned your home for a few years, you might be surprised how much equity you've built. I'd love to give you a real picture of where you stand and what options that opens up for you. Let's take five minutes to review your equity and talk about what's possible next.
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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 Antonio Bullock team any time and we'll walk you through your options. |
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