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Mortgage Market Update
My Mortgage Company
Rebekah Manuel
Thursday, September 17, 2026
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Finding the right loan for your situation |
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Not every borrower needs the same mortgage. This week, I want to touch on how different loan programs serve different goals.
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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
Which mortgage program fits your situation?
Not all mortgages are the same. Depending on where you are in your financial life, different loan programs can work better for you. Some borrowers benefit from fixed rates that lock in stability. Others may qualify for programs with lower upfront costs or more flexible approval requirements. First-time buyers often have access to programs with help down the down payment. If you're coming back to the market or your credit has improved, you might have options you didn't know existed. The right fit depends on your timeline, income, credit profile, and how long you plan to stay in your home. I'd like to talk through what's available to you specifically—it takes just a quick conversation to see what could work. Let's find out which program makes the most sense for where you are right now.
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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
Rebekah Manuel
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