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Mortgage Market Update
Connie Alexander
Connie Alexander
Sunday, September 13, 2026
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Do you know how much equity you have? |
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Hi everyone. This week I want to touch on something that builds quietly over time but can open real doors when you need it.
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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 Check
Your home's value might be working for you
If you've owned your home for a few years, you may have built up equity—the difference between what your home is worth and what you owe on your mortgage. That equity can be a real financial tool. Some borrowers use it to fund home improvements, consolidate debt, or cover major expenses through a cash-out refinance or a home equity line of credit. The key is understanding what you have and whether tapping into it makes sense for your situation. If you're curious about your home's current value and what options might be available, I'd love to help you run the numbers. There's no obligation—just real talk about what your equity could mean. Reach out and let's take a look at what your home equity situation actually is.
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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 Connie Alexander team any time and we'll walk you through your options. |
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