MORTGAGE MARKET BRIEFING

Rhett Laufenburger

Thursday, September 17, 2026

THIS WEEK

How much equity have you actually built?

Rising home values may have quietly grown your equity. Here's why that matters and how to put it to work.

RATE SNAPSHOT · September 10, 2026

CONVENTIONAL 30-YR

6.76%

30-day Range: 6.65%–6.76%

CONVENTIONAL 15-YR

6.09%

30-day Range: 5.95%–6.09%

FHA 30-YR

6.82%

30-day Range: 6.46%–6.82%

VA 30-YR

6.71%

30-day Range: 6.27%–6.71%

Source: Freddie Mac PMMS & Optimal Blue via FRED. National averages — informational only.

Home Equity

You May Have More Home Equity Than You Think

Home values in most areas have climbed over the past few years, and that means many homeowners are sitting on more equity than they realize. Equity is simply the difference between what your home is worth and what you still owe — and it's one of the most useful financial tools you have. You can tap it to consolidate higher-interest debt, fund a renovation, or cover a big expense, often at a much lower rate than a credit card or personal loan. The first step is knowing your number. A quick review of your current balance and an updated value estimate tells us how much you have to work with and what options make sense. No pressure — just a clear picture of where you stand.

Curious how much equity you've built? I'll put together a quick estimate for you.

Tip of the Week

Replace weatherstripping around exterior doors every few years. It's one of the cheapest ways to improve energy efficiency.

Tips for Homeowners

USDA Loans: A Zero-Down Option for Rural Buyers

1.	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.

2.	USDA loans have income limits — typically 115% of the area median income. Both the property location and borrower income must qualify.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Rhett Laufenburger team any time and we'll walk you through your options.

Your Mortgage Advisor

Rhett Laufenburger

NMLS# 221295 · Company NMLS# 1838307

rhett@buyorrefi.com

480-225-6699

2704 W Languid Ln Phoenix, AZ 85086

NMLS# 221295 · Company NMLS# 1838307

Rhett Laufenburger • www.BUYorREFI.com • Unsubscribe