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Mortgage Market Update
Steven Cooper
Steven Cooper
Wednesday, September 16, 2026
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What your mortgage payment actually tells you |
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Hi there. I want to share something I've noticed after years of talking with borrowers about their mortgages.
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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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Smart Money Habits
Why your mortgage payment matters less than you think
When you're shopping for a home or thinking about refinancing, the monthly payment gets all the attention. But I've learned that borrowers who win long-term are the ones who understand what happens *behind* that number. Your payment covers principal, interest, taxes, and insurance—and how those pieces break down affects your financial picture in ways that surprise most people. A lower payment doesn't always mean a better deal if it stretches your loan longer. A higher payment doesn't always hurt if it builds equity faster. The real win comes from understanding your own situation—your timeline, your goals, whether you plan to stay or move—and matching it to a loan that actually serves you, not just the moment. If you'd like to walk through what your payment really means for your specific situation, I'm here to talk it through.
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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 Steven Cooper team any time and we'll walk you through your options. |
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1166 E Warner Rd, Suite 101P Gilbert, AZ 85296
480-720-4857 | https://artemismtg.com/
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