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Mortgage Market Update
Ryan Steer
Ryan Steer
Friday, September 11, 2026
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How much equity are you sitting on? |
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Hi there — I'm sharing some thoughts this week on a topic that matters more than many homeowners realize. Here's what's on my mind.
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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
Do you know how much equity you have?
If you've owned your home for a few years, you likely have more equity than you realize. Equity is the difference between what your home is worth and what you still owe on your mortgage — and it can be a powerful financial tool. Some homeowners tap into their equity through a cash-out refinance or home equity loan when they need funds for major expenses, home improvements, or debt consolidation. Others simply let it grow as a safety net. The key is knowing your number. If you're curious about how much equity you've built, I'd be happy to walk you through it. It takes just a few minutes, and the insight might open up options you didn't know you had. Let's talk about your equity — reach out anytime, and we can explore what it 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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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 Ryan Steer team any time and we'll walk you through your options. |
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