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Mortgage Market Update
My Mortgage Company
Matt & Eliesha Cavanaugh
Thursday, September 17, 2026
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Finding the right mortgage for you |
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Hi there. Every homeowner's situation is different, and so is every mortgage.
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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
What type of mortgage fits your life?
Not all mortgages are created equal, and the right choice depends on your situation. Some borrowers benefit from a fixed rate that never changes. Others prefer an adjustable rate that starts lower, then moves with the market over time. First-time buyers might qualify for programs with lower down payments. Those with significant equity might explore cash-out options. The loan program you choose affects your monthly payment, long-term costs, and flexibility down the road. It's worth understanding which options apply to you and your goals—because the cheapest payment today isn't always the smartest choice tomorrow. Let's talk about which mortgage program might work best for your circumstances.
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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
Matt & Eliesha Cavanaugh
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