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Mortgage Market Update
My Mortgage Company
Rene Montano
Thursday, September 17, 2026
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Fixed or adjustable rate—which fits your plan? |
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Hi there. One of the most important loan decisions you'll make isn't about money—it's about structure and certainty.
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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 makes sense for you?
One of the biggest decisions when getting a mortgage (or refinancing) is choosing between a fixed rate and an adjustable rate. A fixed rate stays the same for the life of your loan, which means predictable monthly payments and peace of mind. An adjustable rate typically starts lower but can change over time, which might work if you plan to sell or refinance before rates shift. The right choice depends on your timeline, comfort with uncertainty, and how long you plan to stay in your home. There's no universal answer—it comes down to your situation. I'd love to walk you through both options and help you figure out which structure fits your goals and your life. Let's talk about which loan type makes the most sense for where you are right now.
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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
Rene Montano
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