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Mortgage Market Update
My Mortgage Company
Marc Pitcher
Thursday, September 17, 2026
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Picking the right loan program for you |
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Hi there. I want to talk about something that shapes your entire mortgage experience—and it's not just the 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
Not all mortgages work the same way
When you're shopping for a home or thinking about refinancing, the interest rate gets all the attention—but your loan program matters just as much. Different programs have different rules about how much you can borrow, what down payment works, how your credit factors in, and what happens to your rate and payment over time. A fixed rate keeps things steady. An adjustable rate might start lower but can change later. Some programs are built for first-time buyers. Others reward people with substantial equity. The right program isn't one-size-fits-all; it depends on your situation, your timeline, and what matters most to you right now. I'd be happy to walk you through which programs might be the best fit for where you are.
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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
Marc Pitcher
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