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Mortgage Market Update
Jaime Reyes
Reyes Home Lending
Thursday, September 17, 2026
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Payment vs. rate: what matters most |
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Hi there. This week I want to talk about something I notice borrowers sometimes overlook—and it's one of the most important decisions you'll make.
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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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Affordability & Payments
When your payment matters more than the rate
Everyone focuses on interest rates, but here's what I see with my clients: sometimes the monthly payment is what actually determines whether a loan works for your life. Two borrowers with the same rate can end up with very different payments depending on loan length, down payment size, or whether they're paying mortgage insurance. If you're stretched thin month to month, a slightly longer loan term might be the right call—even if rates aren't perfect. If you've got breathing room in your budget, a shorter term could save you money over time. The goal isn't to chase the lowest rate; it's to find the loan that fits your actual situation. I'd love to walk through what your options look like. Let's talk about what payment range makes sense for your household.
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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 Jaime Reyes team any time and we'll walk you through your options. |
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Fort Collins, CO
(307)871-0606 | www.reyeshomelending.com
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