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Mortgage Market Update
My Mortgage Company
Stephanie Pena - FD
Wednesday, September 16, 2026
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Picking the right loan program matters |
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Hi there. Every mortgage is different, and so is every borrower. Here's what you should know about finding the right fit.
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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
Not all mortgages work the same way
When you're ready to buy or refinance, the loan program you choose shapes your entire financial picture—not just your rate, but your flexibility, your timeline, and what happens if your life changes. Fixed-rate mortgages offer predictability. Adjustable-rate loans can lower your starting payment. Government-backed programs (FHA, VA, USDA) open doors for borrowers who might not fit conventional lending boxes. And if you're borrowing again against home equity, that's a different tool altogether. The right program isn't always the cheapest one on day one; it's the one that fits how you actually live and plan. I'd love to walk you through what's available for your situation and what the real tradeoffs are. Let's talk about which program makes sense for you.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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1.
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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2.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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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
Stephanie Pena - FD
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