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Mortgage Market Update
Scott Lepper
Scott Lepper
Thursday, September 10, 2026
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Do you know how much equity you've built? |
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Each week, I share one idea that can help you make smarter decisions about your home and your mortgage. This week: understanding the value you're building.
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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 every month
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth you can access if you need it. Some homeowners tap into their equity through refinancing or a home equity line of credit to pay for repairs, education, or consolidate debt at better rates. The longer you own your home and the more you pay down the loan, the stronger your financial position becomes. If you're curious about how much equity you've built or whether it makes sense to use it for something important, I'd love to walk through your options with you. Let's talk about what your equity could mean for your financial goals.
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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 Scott Lepper team any time and we'll walk you through your options. |
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