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Mortgage Market Update
My Mortgage Company
Scott Isner
Thursday, September 17, 2026
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Fixed or adjustable—which is right for you? |
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I'm sharing one of the most important decisions borrowers face when getting a mortgage. Understanding your options here can shape your whole lending experience.
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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 Program Basics
Fixed vs. adjustable: which fits your plan?
When you're shopping for a mortgage or considering a refinance, one of the biggest decisions is whether to lock in a fixed rate or go with an adjustable one. A fixed rate stays the same for the life of your loan—predictable payments, peace of mind. An adjustable rate typically starts lower but can change after an initial period, which means your payment could go up. The right choice depends on how long you plan to stay in your home, your comfort with risk, and what rates are doing. There's no universal winner here; it's about what aligns with your timeline and goals. I'd be happy to walk through the pros and cons for your specific situation so you can decide with confidence. Let's talk through which option makes sense for you and your home plans.
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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
Scott Isner
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