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Mortgage Market Update
Chase Giles
Chase Giles
Saturday, September 12, 2026
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How much equity do you have? |
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Hi there. This week I want to talk about something that builds quietly in the background—your home equity—and why it's worth paying attention to.
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.76%
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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 mortgage is working harder than you think
Every payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth you can tap into if you need it. Some homeowners don't realize how much equity they've accumulated, especially if they've been in their home for several years or paid down their loan ahead of schedule. Knowing your equity position matters because it opens doors: you might refinance into better terms, borrow against it for a big expense, or simply understand your net worth more clearly. If you're curious where you stand, I'd love to help you get a clear picture of your equity and what options might make sense for your situation. Reach out and we can walk through your equity together.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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1.
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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2.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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3.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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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 Chase Giles team any time and we'll walk you through your options. |
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