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Mortgage Market Update
My Mortgage Company
Rico Singleton
Thursday, September 17, 2026
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A small extra payment, big results |
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I work with homeowners every week who want to get ahead on their mortgage without making drastic changes. This week, I want to show you one of the simplest strategies that actually works.
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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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Getting Ahead
What happens when you pay a little extra each month
One of the easiest ways to build wealth in your home is something you can start doing right now: paying a bit more toward your principal each month. Even an extra fifty or hundred dollars can trim years off your loan and save you a lot in interest over time. It compounds quietly in the background while you're just going about your life. The best part? You stay flexible—there's no commitment, no refinancing paperwork, and you can adjust it anytime your budget changes. If you've never thought about this or want to talk through how it might work for your specific situation, I'd love to walk through the numbers with you. Reach out and let's talk about how a small extra payment could reshape your long-term picture.
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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
Rico Singleton
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