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Mortgage Market Update
My Mortgage Company
Brian Emerson
Thursday, September 17, 2026
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Which mortgage type is right for you? |
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Hi there—this week I want to talk about something that borrowers don't always think through: the type of loan you choose can be just as important as the rate you get.
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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
Choosing the right loan type matters more than you think
Not all mortgages work the same way. Fixed-rate loans lock in your interest rate for the life of the loan, so your payment stays the same. Adjustable-rate mortgages start lower but can change over time. FHA loans help borrowers with smaller down payments or credit challenges. Conventional loans often work best for those with stronger finances. The program you choose shapes your monthly payment, long-term costs, and peace of mind. It's worth understanding how each works and which one fits your situation. If you're curious about what might make sense for you, I'd love to walk through your options. Reach out anytime—comparing programs takes just a conversation.
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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
Brian Emerson
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