Mortgage Market Update

My Mortgage Company

Michael Perlman - DELETE

Thursday, September 17, 2026

The loan type you pick matters more than you think

Most homeowners focus on the interest rate when they're thinking about their mortgage. But there's another decision that's equally important to your monthly payment and long-term costs.

National Mortgage Rates · September 10, 2026

Conventional 30-Year

6.76%

FHA 30-Year

6.82%

VA 30-Year

6.71%

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.

Loan Programs

How your loan choice shapes your monthly payment

When you're shopping for a mortgage, the interest rate gets most of the attention—but your loan program matters just as much to your wallet. A 15-year loan and a 30-year loan at the same rate will have very different monthly payments. An adjustable-rate mortgage behaves differently than a fixed rate. And special programs (FHA, VA, conventional) come with their own rules and benefits. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment variability, and what fits your budget today. I always walk clients through the trade-offs so they understand what they're really signing up for, not just the rate. If you're curious whether your current loan is still the best fit for your situation, or if you're buying soon and want to understand your real options, let's talk.

Reach out and we can review what loan structure makes the most sense for you.

Tip of the Week

Replace weatherstripping around exterior doors every few years. It's one of the cheapest ways to improve energy efficiency.

Tips for Homeowners

USDA Loans: A Zero-Down Option for Rural Buyers

1.	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.

2.	USDA loans have income limits — typically 115% of the area median income. Both the property location and borrower income must qualify.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Michael Perlman - DELETE

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