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Mortgage Market Update
My Mortgage Company
Jaclyn Richards
Wednesday, September 16, 2026
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Fixed or adjustable—which fits you better? |
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Hi there. This week I want to tackle one of the most important decisions you'll face as a borrower—and it's worth getting right.
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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 one fits your plan?
One of the biggest choices you'll make is whether to lock in a rate for the life of your loan or start with a lower rate that changes over time. A fixed rate gives you the same payment forever—predictable, steady, easier to budget. An adjustable rate typically starts lower but can move up after an initial period, which means your payment could too. Neither is right for everyone. It depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what your financial situation looks like down the road. I'd be happy to walk through both options and help you figure out which makes sense for your situation. Let's talk through what works best for you and your goals.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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1.
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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2.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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3.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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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
Jaclyn Richards
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