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Mortgage Market Update
Robert Clements
Robert Clements
Monday, September 14, 2026
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How much equity do you actually have? |
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Every week, I share what's happening in the mortgage world and how it touches your life as a homeowner or buyer. This week, let's talk about one of homeownership's hidden superpowers.
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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
One of the biggest financial advantages of homeownership is equity—the difference between what your home is worth and what you owe on your mortgage. As you make each monthly payment, you're building that equity, which means you're literally creating wealth. This matters because equity can become a real resource down the road: you might tap into it through a refinance, a home equity line, or simply have more financial security built into your largest asset. The sooner you own your home, the sooner you can use that equity if life calls for it. If you're curious about how much equity you might have right now, or how your current loan is working toward building it, I'd love to walk you through the numbers. Let's talk about your equity and what options it might open up for 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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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 Robert Clements team any time and we'll walk you through your options. |
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