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Mortgage Market Update
Samuel Ham
Samuel Ham
Friday, September 11, 2026
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Do you know how much equity you have? |
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Every mortgage payment you make is building something real—equity in your home. This week, I want to help you understand what you've actually built.
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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 Awareness
You might have more equity than you think
If you bought your home a few years ago, or if your neighborhood has appreciated, you could have built up meaningful equity without realizing it. That equity is real money—it's the difference between what your home is worth today and what you still owe on your mortgage. Knowing your equity matters because it opens up options: you could refinance into better terms, tap that equity with a home equity line of credit if you need funds, or simply understand your net worth better. The best part is that equity builds automatically as you make payments and as your home appreciates over time. If you're curious where you stand, I can help you get a clear picture of what you've built. Let's talk about your home's current value and what equity means for your situation.
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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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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 Samuel Ham team any time and we'll walk you through your options. |
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