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Mortgage Market Update
My Mortgage Company
Fernando Radillo
Thursday, September 17, 2026
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Picking the right loan type matters |
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Hi there—one question I hear often is which mortgage program is the best fit. The answer depends on your unique situation, and I want to make sure you have the right foundation.
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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
What loan type is right for your situation?
Not all mortgages work the same way, and the right program depends on your goals and timeline. Some borrowers benefit from fixed-rate loans that lock in predictability. Others prefer adjustable-rate options if they plan to move or refinance sooner. Then there are specialized programs—FHA, VA, USDA—designed for specific buyers. Each has different requirements, flexibility, and long-term costs. The choice affects not just your monthly payment, but how much house you can afford and what happens down the road. I'd be happy to walk you through the options that fit your actual plans, not just today's rates. Let's talk about which loan structure makes sense 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
Fernando Radillo
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