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Mortgage Market Update
My Mortgage Company
Lenore Myers
Thursday, September 17, 2026
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Fixed or adjustable—here's what to consider |
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Hi there. This week I want to break down one of the most important decisions you'll make as a borrower, and help you think through it the right way.
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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
Fixed vs. adjustable: which fits your plan?
One of the biggest choices you make when getting a mortgage is whether you want a fixed rate (same payment for the life of the loan) or an adjustable rate (lower starting rate, but it can change after an initial period). There's no universal right answer—it depends on how long you plan to stay in the home, your comfort with payment changes, and what the rate environment looks like. If stability matters most to you, fixed is the safer bet. If you're planning to sell or refinance in a few years, an adjustable option might make sense. The key is understanding the tradeoff before you commit. I'd love to walk you through both options and help you figure out which aligns with your actual situation and timeline. Let's talk through what makes 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
Lenore Myers
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