Mortgage Market Update

My Mortgage Company

Joanne Hudson - Blank Account

Thursday, September 17, 2026

What your loan length actually costs you

Hi there — this week I want to talk about something that doesn't always get enough attention: the choices you make about your mortgage structure. They matter more than most people realize.

National Mortgage Rates · September 10, 2026

Conventional 30-Year

6.76%

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.

Smart Money Moves

Why your loan terms matter more than you think

When you're focused on monthly payments, it's easy to overlook the bigger picture of your loan. But the terms you choose — whether it's a 15-year, 20-year, or 30-year mortgage — shape not just what you pay each month, but how much you'll pay overall and how quickly you'll build equity. A shorter term means faster payoff and less interest paid over time, but a longer term offers breathing room in your budget. The right choice depends on your income stability, other financial goals, and how long you plan to stay in your home. There's no one-size-fits-all answer, which is why it's worth having a real conversation about what works for your life.

Let's talk through which loan term makes sense for your situation.

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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

My Mortgage Company

Joanne Hudson - Blank Account

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