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Mortgage Market Update
Cindy Carrigan Cindy Carrigan
Cindy Carrigan
Sunday, September 13, 2026
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How much equity are you sitting on? |
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Hi there. This week I want to talk about one of the most powerful features of homeownership—and something a lot of people don't think about enough.
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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
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Over time, this grows into real wealth. The earlier you start paying down your loan, the more equity you accumulate, and the more options you have down the road: refinancing into better terms, borrowing against that equity for major expenses, or simply building wealth for your family. If you've been in your home for a few years, you might be surprised at how much equity you've already built. That's worth understanding, because it changes what's possible for you financially. If you'd like to talk about your equity position or explore what it might mean for your goals, I'd be happy to walk through it with 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 Cindy Carrigan Cindy Carrigan team any time and we'll walk you through your options. |
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