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Mortgage Market Update
My Mortgage Company
American Mortgage
Thursday, September 17, 2026
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Picking the right loan program matters |
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Hi there—one of the most important choices in your mortgage doesn't always get enough attention. Let me explain why it should.
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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
Not all mortgages work the same way
When you're ready to buy or refinance, the loan program you choose shapes your entire mortgage experience. Some programs offer flexibility; others lock in predictability. Some work better if you're planning to stay put for decades, while others make sense if your life might change. The right fit depends on your timeline, risk tolerance, and financial goals—not on what worked for your neighbor. I've seen borrowers save thousands by simply picking a program that matched their actual situation instead of chasing the lowest rate they saw advertised. Let's talk about which options make the most sense for you. Reach out and we can walk through what each program means for your specific 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
American Mortgage
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