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Mortgage Market Update
My Mortgage Company
Robin Conley
Thursday, September 17, 2026
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Should you refinance your mortgage? |
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Thinking about your loan and wondering if now is the right time to make a change? Let me break down when refinancing actually works in your favor.
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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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Refinancing Basics
When refinancing makes financial sense
Refinancing isn't just about chasing lower rates—it's a tool you can use to match your loan to where you are in life right now. Some people refinance to shorten their loan term and build equity faster. Others do it to free up monthly cash flow. A few refinance to move from an adjustable rate to a fixed one, or vice versa. The key question isn't whether rates have dropped—it's whether the new loan terms align better with your goals than what you have today. If you're not sure whether a refinance makes sense for you, I'd be happy to walk through the numbers and show you what's possible. Reach out and we can explore whether refinancing fits your situation.
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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
Robin Conley
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