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Mortgage Market Update
My Mortgage Company
Armando Cornejo
Thursday, September 17, 2026
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Picking the right loan program for you |
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Hi there. This week I want to help you think through the different ways to structure a mortgage—because the program you choose affects more than just your rate.
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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
Which mortgage program fits your situation?
Not all mortgages are created equal. Depending on where you are in your homeownership journey—whether you're a first-time buyer, refinancing an existing loan, or looking to tap into your home's equity—different loan programs may serve you better than others. Fixed-rate mortgages offer predictability. Adjustable-rate options can mean lower starting payments. Government-backed programs exist for specific borrower profiles. The right choice depends on your timeline, risk tolerance, and financial goals. I'd love to walk you through what's available and help you understand which program makes the most sense for your circumstances. Let's talk about which loan type 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
Armando Cornejo
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