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Mortgage Market Update
My Mortgage Company
Steven Carey
Thursday, September 17, 2026
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Which mortgage fits your life best? |
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Hi there. Every borrower's situation is unique, and that means the loan that works for your neighbor might not be the best fit for you.
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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 loan type is right for your situation?
Not all mortgages work the same way, and what's best for one borrower might not be best for another. Some people benefit from fixed-rate loans that lock in predictable payments for decades. Others find adjustable-rate programs, longer loan terms, or government-backed options like FHA or VA loans better suited to their timeline and plans. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what your down payment and credit situation look like. I'm happy to walk through your options and explain how each one would work for you specifically. Reach out this week and we can talk through which 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
Steven Carey
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