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Mortgage Market Update
Daniel Malloy
Daniel Malloy
Monday, September 14, 2026
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How much equity are you sitting on? |
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Hello from the mortgage desk. This week I want to talk about something that builds quietly in the background of homeownership—and often goes overlooked.
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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 home's value is working for you
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, that equity becomes real financial cushion. It can help you refinance into better terms, tap into funds for repairs or other needs, or simply give you peace of mind knowing you're building something. The longer you own, the faster equity grows. If you've been in your home for a few years, you might be surprised how much you've accumulated. It's worth understanding what you have, because that equity is yours—and there may be ways to use it smartly down the road. If you'd like to discuss your home's equity or explore what options might be available to you, I'd be glad to walk through it.
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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 Daniel Malloy team any time and we'll walk you through your options. |
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