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Mortgage Market Update
My Mortgage Company
Elizabeth Gibson
Thursday, September 17, 2026
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Should you think about refinancing? |
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Not every homeowner needs to refinance, but many don't realize how much a conversation could help. This week I want to break down when it actually makes sense.
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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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Refinancing Basics
When refinancing makes sense for your situation
A lot of homeowners wonder if refinancing is worth the effort. The truth is, it depends on your specific goals and how long you plan to stay in your home. Some people refinance to lower their monthly payment, others to shorten their loan term or tap into equity for a major project. The key is understanding what you're trying to accomplish and whether the numbers work in your favor. If you've been in your home a few years and your circumstances have changed—whether that's your credit, income, or how rates have shifted—it might be worth a conversation. I'm happy to walk through the basics with you and help you figure out if it's the right move. Reach out if you'd like to explore whether refinancing could work 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 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
Elizabeth Gibson
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