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Mortgage Market Update
My Mortgage Company
Kristen Hordyk
Thursday, September 17, 2026
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What is your home equity worth? |
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Your home does more than give you a place to live. Over time, it builds real wealth for you.
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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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Home Equity
Your home is working for you
Every mortgage payment you make builds equity—the difference between what your home is worth and what you still owe. Over time, that equity can become a real financial asset. Some borrowers tap into it for major expenses, home improvements, or consolidating debt. Others just let it grow. Either way, it's worth understanding what you have and what your options are. If you've owned your home for a few years, you may have more equity than you realize. I can help you figure out what that means for your situation—no obligation, just a conversation. Curious what your equity position looks like? Let's talk.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Kristen Hordyk
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