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Mortgage Market Update
Scott Orich
Scott Orich
Thursday, September 10, 2026
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Do you know your home equity number? |
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Some of the best financial tools you own are hiding in plain sight. This week, we're looking at one that might surprise you.
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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 Questions
You may have more home equity than you think
If you bought a few years ago or your home has appreciated, there's a good chance you've built up equity—that's the difference between what your home is worth and what you still owe on your mortgage. A lot of homeowners don't realize how much they have. That equity can be useful: it may open doors to better loan terms if you refinance, or it could be tapped for a cash-out refi if you need funds for home repairs, education, or other major expenses. The first step is understanding where you stand. If you're curious whether your equity could work for you, I'd love to walk through your options and see what makes sense for your situation. Let's talk about what your home equity could mean 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 Scott Orich team any time and we'll walk you through your options. |
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