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Mortgage Market Update
My Mortgage Company
Hector Lopez
Thursday, September 17, 2026
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Fixed or adjustable—which fits your situation? |
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There's more to choosing a mortgage than finding the lowest rate. Let me break down one of the most important decisions you'll make.
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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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Fixed vs. Adjustable
Why your loan structure matters more than you think
When you're comparing mortgage options, the interest rate gets most of the attention—but how your rate is structured is just as important. A fixed-rate loan keeps the same rate and payment for the entire loan term, which means predictability and peace of mind. An adjustable-rate mortgage starts lower but can change after an initial period, which might work if you plan to sell or refinance before rates adjust. There's no one-size-fits-all answer. It depends on your timeline, comfort with payment changes, and how long you plan to stay in your home. The best choice is the one that matches your real situation, not just the lowest starting number. I'd love to walk through what makes sense for you. Let's talk about which structure aligns with your goals.
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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
Hector Lopez
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