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Mortgage Market Update
Melissa Carbonell
Melissa Carbonell
Saturday, September 12, 2026
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Do you know how much equity you have? |
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Hello! This week I want to highlight something a lot of homeowners overlook—and it could open up real options for 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 Check
Your home equity might be worth more than you think
If you've owned your home for a few years, you likely have built up equity—the difference between what your home is worth and what you still owe on your mortgage. That equity can be a powerful financial tool. Some homeowners tap into it through a refinance or a home equity line of credit to pay off debt, fund home improvements, or cover major expenses. Others simply watch it grow as part of their long-term wealth building. The best move depends on your goals and situation. If you're curious about how much equity you have and what options might make sense for you, I'd love to walk through the numbers together. There's no cost to explore the conversation. Reach out anytime—let's talk about what your equity could do 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 Melissa Carbonell team any time and we'll walk you through your options. |
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