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Mortgage Market Update
Che Frey
Che Frey
Saturday, September 12, 2026
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Do you know how much equity you have? |
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Sometimes the smartest money move is the one you haven't considered yet. This week I want to walk you through an opportunity a lot of 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 Insight
Your home's equity might be working too hard
If you've owned your home for a few years, you likely have equity built up—money that's genuinely yours. A lot of people don't realize they can tap into that equity for major expenses: home repairs, education, consolidating debt, or even a second property. It's different from selling; you stay put and borrow against what you've already paid for. The catch is that rates and terms vary depending on your situation and what you need the money for. That's why it's worth having a real conversation about whether your equity makes sense to use right now, and if so, which option fits your life best. If you're curious whether accessing your equity could help, let's talk through the numbers together.
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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 Che Frey team any time and we'll walk you through your options. |
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