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Mortgage Market Update
My Mortgage Company
Brett Stratton
Thursday, September 17, 2026
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Refinancing isn't always the right call |
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Hi there. Sometimes the smartest money move is doing nothing at all. This week I want to talk about when refinancing makes sense—and when it doesn't.
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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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Refinancing Basics
Should you refinance? Here's how to know.
Refinancing isn't always the right move, even when rates shift. The real question is whether the benefit of a lower rate (or a shorter loan term, or cashing out equity) outweighs the cost of closing a new loan. Sometimes it does. Sometimes waiting makes more sense. The math depends on how long you plan to stay in your home, what you owe now, and what your current terms actually are. That's why a quick conversation with me beats guessing. I can walk you through the numbers specific to your situation and help you decide if refinancing makes sense right now or if you're better off holding steady. Let's talk through whether refinancing could work for you.
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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
Brett Stratton
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