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Mortgage Market Update
My Mortgage Company
Brian Hamaoui
Monday, September 14, 2026
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Your home is quietly building wealth for you |
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Money is moving through the housing market in ways you might not always see. This week I want to remind you about one of the most reliable ones.
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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
Your home is working for you even when you're not thinking about it
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. It's one of the most powerful wealth-building tools available to most homeowners, and it happens automatically. Over time, as you pay down your loan balance and your home holds or gains value, you're literally building an asset you can tap into later through a refinance, a home equity loan, or even just peace of mind as you approach retirement. The longer you stay in your home, the more dramatic this effect becomes. If you're curious about how much equity you've built or how it might work for you down the road, I'd be happy to walk through the numbers with your specific situation. Reach out anytime you want to talk about your home's equity or explore what options might be available to 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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Brian Hamaoui
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