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Mortgage Market Update
My Mortgage Company
Liah Jones
Thursday, September 17, 2026
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What you're actually paying for |
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Every week I help people understand mortgages in plain English. This week, let's talk about the number that matters most—and it's probably not what you think.
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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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Smart Money Habits
Why your mortgage payment matters less than you think
When you're looking at a home or thinking about refinancing, the monthly payment is usually the first number that catches your eye. But here's what I've learned talking to borrowers: the payment alone doesn't tell the full story. What matters more is understanding what you're actually paying for—how much goes toward building equity versus interest, how long you'll carry the loan, and what your total cost will be over time. A lower payment might mean stretching the loan longer, while a slightly higher one could save you tens of thousands before you pay it off. The best move is always the one that matches your real financial picture and long-term goals, not just the smallest number on the page. If you'd like to talk through what a mortgage really costs you over time, I'm here to walk through it.
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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
Liah Jones
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