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Mortgage Market Update
My Mortgage Company
Len Padilla
Thursday, September 17, 2026
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Your mortgage should match your life |
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Hi there. With so many loan programs out there, it's easy to feel lost picking one. Let me walk you through why one size doesn't fit all.
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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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Loan Programs
Not all mortgages work the same way
One thing I've learned after years in this business is that the 'best' mortgage depends entirely on your situation. Some borrowers thrive with a fixed rate that never changes. Others benefit from adjustable programs, especially if they plan to move or refinance in a few years. First-time buyers have different needs than repeat homeowners. Your credit profile, down payment, timeline, and financial comfort all matter. The wrong program can cost you thousands over time—but the right one fits like it was built for you. I'd love to talk through which option makes sense for where you are right now. Let's find the mortgage structure that works best for you—reach out anytime.
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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
Len Padilla
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