| |
 |
Thursday, September 17, 2026 |
|
|
Mortgage Market Update
Fixed or adjustable—which is right for you?
One of the biggest decisions in choosing a mortgage is the type of rate you lock in. Here's what you need to know to decide.
|
|
|
|
National Mortgage Rates · September 10, 2026
|
Conventional 30-Year
6.88%
|
|
| |
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%23050505%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
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.
|
|
|
|
|
Loan Programs
Fixed vs. adjustable: which loan fits your plan?
When you're comparing loan options, the choice between a fixed rate and an adjustable rate comes down to your timeline and comfort level. A fixed-rate loan keeps the same rate for the life of the loan—predictable payments, no surprises. An adjustable-rate mortgage typically starts lower but can change after an initial period, which means your payment could go up (or down). Fixed rates work well if you plan to stay in your home long-term or want payment certainty. Adjustable rates can make sense if you're planning to sell or refinance within a few years. The right choice depends on your situation, not on what's "popular." I'd be happy to walk you through how each would look for your specific goals.
|
|
Tip of the Week
Replace weatherstripping around exterior doors every few years. It's one of the cheapest ways to improve energy efficiency.
|
|
Tips for Homeowners
USDA Loans: A Zero-Down Option for Rural Buyers
|
|
1.
|
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.
|
|
2.
|
USDA loans have income limits — typically 115% of the area median income. Both the property location and borrower income must qualify.
|
|
3.
|
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.
|
|
|
|
Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Chris Laye team any time and we'll walk you through your options.
|
|
460 Shadowood Ct Roswell GA 30075
678-313-4879
Prime Property Lending · Unsubscribe
|
