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Mortgage Market Update
Robert Majors
Robert Majors
Monday, September 14, 2026
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Your home equity might be worth more than you think |
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Every week I hear from homeowners who had no idea how much financial power they'd built into their homes. This week, we're breaking down equity—what it is, why it matters, and how to use it wisely.
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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 Building
What your home equity can actually do for you
One of the best parts of homeownership is that every mortgage payment builds equity—the difference between what your home is worth and what you still owe. Over time, that equity becomes real financial flexibility. You might tap it for a major repair, help a family member, pay for education, or consolidate debt. The catch is knowing when and how to access it responsibly. Some options let you borrow against your equity, while others involve refinancing. The right choice depends on your specific situation, interest rates, and what you need the money for. If you've been in your home for a while or your home has appreciated, it's worth understanding what options are available to you. Let's talk about whether your equity could work for you right now.
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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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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 Robert Majors team any time and we'll walk you through your options. |
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