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Mortgage Market Update
Megan Bissell
Edge Home Finance
Thursday, September 10, 2026
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Rates shifted—here's what matters to you |
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I get a lot of questions when rates move. I want to help you understand what's actually important for your situation, not just the headlines.
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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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Rate Environment
When rates drop, here's what actually changes
When mortgage rates move lower, you'll hear a lot of noise about what that means. Let me cut through it: a rate drop can affect your monthly payment, your refinancing math, and what you can afford to borrow. But the impact depends entirely on your situation—where you are in your loan, whether you're buying or refinancing, and what your current rate looks like. The same rate movement hits everyone differently. If you've been on the sidelines waiting to see what happens, it's worth having a real conversation about whether a shift in rates changes anything for your household specifically. Let's talk through what a rate change means for your next move.
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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 Megan Bissell team any time and we'll walk you through your options. |
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