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Mortgage Market Update
My Mortgage Company
Andy Zamora
Thursday, September 17, 2026
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Fixed or adjustable—which is right for you? |
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Hi there. This week I want to tackle one of the most important questions that comes up when borrowers are choosing a loan.
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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 Program Guide
Fixed vs. adjustable: which fits your plan?
When you're looking at mortgages, one of the biggest decisions is whether to lock in a fixed rate for the life of your loan or go with an adjustable rate that starts lower but can change over time. A fixed rate gives you predictability—your payment stays the same month after month, year after year. An adjustable rate may offer a lower initial payment, which appeals to some borrowers, but it carries uncertainty down the road. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment risk, and what the current rate environment looks like. I'm happy to walk you through the trade-offs so you can feel confident in your decision. Let's talk through which option makes sense for your situation.
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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
Andy Zamora
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