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Mortgage Market Update
Robert Majors
Robert Majors
Thursday, September 17, 2026
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What's your home worth right now? |
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Hello, and thanks for staying connected. This week I want to focus on something a lot of homeowners overlook—the wealth they've already built.
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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 Awareness
You may have built more equity than you think
If you've owned your home for a few years, or if your property has appreciated, you're likely sitting on equity—the difference between what your home is worth and what you owe. Many homeowners don't realize how much they've accumulated, which means they might be missing opportunities. Equity can be used to refinance into better terms, fund home improvements, consolidate debt, or handle an unexpected expense. The first step is understanding what you actually have. A quick home value check and a look at your current loan balance will tell you where you stand. I'd be happy to help you figure it out and explore what options make sense for your situation. Let's talk about your equity and what it could mean for you.
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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 Robert Majors team any time and we'll walk you through your options. |
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