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Mortgage Market Update
My Mortgage Company
Capital Mortgage Source - Salem
Thursday, September 17, 2026
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Does refinancing make sense right now? |
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Hi there—I wanted to touch base about something I hear questions about often. Let's talk about when refinancing actually pencils out.
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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
When refinancing makes sense (and when it doesn't)
A lot of people think refinancing is only worth it if rates drop significantly. That's not quite right. The real question is whether your monthly payment, overall interest cost, or loan terms will improve enough to justify the closing costs and the time to close. Sometimes that math works even when rates move only a little. Other times, staying put is the smarter move—especially if you're close to paying off your loan or planning to move soon. The best way to know is to run the actual numbers for your specific situation. I can show you exactly what a refinance would look like for you, with no obligation. If you've been curious about whether refinancing could help you, now's a good time to ask. Let me pull together a quick refinance analysis for your home.
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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
Capital Mortgage Source - Salem
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