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Mortgage Market Update
My Mortgage Company
Sean Ewbank
Thursday, September 17, 2026
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Fixed rate or adjustable—which makes sense for you? |
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Everyone's mortgage needs are different, and the loan program you choose should match your timeline and risk tolerance. Let's talk about two of the most common choices.
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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
Fixed vs. adjustable: which fits your plan?
When you're comparing mortgages, one of the biggest decisions is whether to lock in a fixed rate for the life of the loan or start with a lower adjustable rate that can change over time. A fixed rate gives you payment certainty and peace of mind — you know exactly what you'll pay every month. An adjustable rate may offer a lower starting payment, but it can go up after the initial period ends, which means your monthly housing cost could shift. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what your overall financial picture looks like. There's no universal "best" option — it's about what aligns with your goals and comfort level. I'd be happy to walk you through both options and show you how they might play out in your specific situation.
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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
Sean Ewbank
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