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Mortgage Market Update
My Mortgage Company
Joseph A Worrell - For Deletion
Thursday, September 17, 2026
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Not all loans work the same way |
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Hi there. Every week I'm sharing ideas that help homeowners make smarter decisions about their mortgages and their money.
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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 your loan type says about your monthly payment
The interest rate matters, but it's not the whole story. The loan program you choose—whether it's a fixed rate, an adjustable rate, or something in between—shapes what you actually pay each month and how that payment changes over time. A fixed rate offers predictability: same payment for the life of the loan. An adjustable rate often starts lower but can shift, which means your payment could too. Other options exist depending on your situation. Understanding which program fits your finances and comfort level is just as important as shopping rates. If you're curious whether your current loan is still the best fit, or if you're considering a change, let's talk it through together. Reach out if you'd like to explore what program might work best for you.
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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
Joseph A Worrell - For Deletion
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