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Mortgage Market Update
My Mortgage Company
Kelly Cutter
Friday, September 18, 2026
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Picking the right loan for your goals |
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Hi there. Every borrower's situation is different, and the mortgage that works for one person may not be the best fit for another.
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National Mortgage Rates · September 17, 2026
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Conventional 30-Year
6.95%
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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 program fits your situation?
Not all mortgages are the same, and the right loan for your neighbor might not be the right one for you. Whether you're a first-time buyer, looking to move up, or thinking about tapping into your home's equity, there are different programs designed for different goals and financial pictures. Some borrowers benefit from fixed-rate loans for predictability. Others find adjustable-rate options work well for their timeline. Still others qualify for programs with lower down payments or flexibility on credit or income. The key is matching the loan to where you actually are—not where you think you should be. I'd love to walk through what's available for your specific needs and help you see which direction makes sense. Let's talk about which loan program works best 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
Kelly Cutter
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