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Mortgage Market Update
Erez Shimoni
Erez Shimoni
Sunday, September 13, 2026
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More homes for sale, rates above 7%—what it means for you |
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This week brought some mixed signals for the housing market. We're breaking down what's actually happening with inventory, affordability, and your negotiating power.
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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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Loan Programs
Fixed vs. adjustable: which fits your plan?
One of the biggest decisions in a mortgage isn't just how much you borrow—it's what type of rate you choose. A fixed-rate mortgage keeps the same rate for the entire life of the loan, so your payment never changes. An adjustable-rate mortgage starts lower but can move over time, which means your payment may go up (or down). Neither is right or wrong; it depends on how long you plan to stay in the home, how comfortable you are with payment uncertainty, and what the rate environment looks like. If you're staying put for decades, fixed often wins. If you're planning to sell or refinance in five years, an ARM might work. Let's talk through your timeline and comfort level.
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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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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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Mortgage News Daily
Home sales fell in August to their lowest pace since mid-2025, but here's the silver lining: inventory is rising sharply and now sits at its highest level in over a decade. More homes to choose from means buyers have more leverage and real options when it comes to negotiating price and terms.
| Key takeaway: if you're looking to buy, this shift is working in your favor right now. |
Read full article →
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Redfin
As inventory builds and sales slow, the balance of power is tilting back toward buyers. With more homes on the market and less urgency to sell, you're in a stronger position to negotiate price, repairs, and closing costs.
| Key takeaway: take time to shop around and don't rush into an offer. |
Read full article →
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HousingWire
Mortgage rates have climbed above 7%, adding pressure to an already tight affordability picture. The silver lining is that mortgage spreads (the markup lenders add) are actually softening a bit, which can help cushion the blow slightly for borrowers.
| Key takeaway: rates are higher, but comparing multiple lenders is more important than ever to find the best deal. |
Read full article →
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Mortgage News Daily
National home price data shows modest gains, but the story is very different depending on where you live. Some regions are appreciating faster than others, and inflation is still outpacing home value growth in most places, which matters for your long-term equity picture.
| Key takeaway: don't assume national trends apply to your local market—location-specific research is essential. |
Read full article →
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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 Erez Shimoni team any time and we'll walk you through your options. |
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908-705-5882 | www.applywitherez.com
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