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Mortgage Market Update
My Mortgage Company
Wayne Lacy
Thursday, September 17, 2026
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Picking the right mortgage for your needs |
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Every homeowner's situation is different, and so are the ways to finance a home. This week I want to make sure you understand your options.
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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 Fit
Which loan type matches your situation?
Not all mortgages work the same way, and what's right for one person may not suit another. Some borrowers benefit from fixed rates that lock in predictability. Others find adjustable programs or specialized loan types align better with their timeline or financial picture. The right fit depends on how long you plan to stay in your home, how comfortable you are with rate changes, and what your cash flow looks like. I'm here to walk through your options and explain how each one works in plain English—no jargon required. Let's talk about which loan program makes the most sense for your goals.
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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
Wayne Lacy
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