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Mortgage Market Update
Gene Brzozowski
Gene Brzozowski
Thursday, September 17, 2026
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What's your home equity worth to you? |
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Hi there, I hope things are going well. This week I want to talk about something that often gets overlooked once the initial mortgage closes: the equity you're steadily 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 Check
Your home's value might be working for you
If you've owned your home for a few years, you've likely built up equity—the difference between what your home is worth and what you owe. That equity can be tapped in a few ways: a cash-out refinance, a home equity loan, or a line of credit. People use it for renovations, debt consolidation, education, or emergencies. The key is understanding which option makes sense for your situation and how it affects your monthly obligations and long-term plan. If you're curious whether a move like this pencils out for you, I'd be happy to walk through the numbers and explore what's realistic. Reach out if you'd like to talk through your equity options.
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Tip of the Week
Replace weatherstripping around exterior doors every few years. It's one of the cheapest ways to improve energy efficiency.
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Tips for Homeowners
USDA Loans: A Zero-Down Option for Rural Buyers
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1.
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USDA loans offer 100% financing (no down payment) for eligible properties in USDA-designated rural and suburban areas. The USDA's eligibility map may include areas closer to cities than you'd expect.
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2.
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USDA loans have income limits — typically 115% of the area median income. Both the property location and borrower income must qualify.
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3.
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There's an upfront guarantee fee (1% of the loan) and an annual fee (0.35% of the balance). These are lower than FHA mortgage insurance and can be rolled into the loan.
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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 Gene Brzozowski team any time and we'll walk you through your options. |
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