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Mortgage Market Update
Clint Peters Clint Peters
Clint Peters
Sunday, September 13, 2026
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Do you know how much equity you have? |
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Each week, I share what's on my mind about mortgages, rates, and smart moves for homeowners and buyers. This week: a resource many homeowners overlook.
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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 Talk
What your home equity can do for you
If you've owned your home for a while, you've likely built up equity—the difference between what your home is worth and what you owe on your mortgage. That equity isn't just a number on paper; it can be a real financial tool. Some homeowners use it to fund repairs or upgrades. Others tap into it for major expenses or to consolidate debt. There are a few ways to access it, each with different terms and trade-offs, so it's worth understanding your options. If you're curious whether your equity could work for you right now, I'd love to walk through what makes sense for your situation. Let's talk about whether your home equity opens up any options for you.
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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 Clint Peters Clint Peters team any time and we'll walk you through your options. |
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