Mortgage Market Update

My Mortgage Company

Brandon List

Thursday, September 17, 2026

The loan type question nobody asks

Interest rates get all the attention, but the type of loan you choose matters just as much. Here's why it's worth a closer look.

National Mortgage Rates · September 10, 2026

Conventional 30-Year

6.76%

FHA 30-Year

6.82%

VA 30-Year

6.71%

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.

Loan Programs

Why your loan type matters as much as your rate

When you're shopping for a mortgage, it's easy to focus only on interest rates. But the type of loan you choose — fixed-rate, adjustable-rate, FHA, conventional, or other programs — shapes your entire borrowing experience. The right program for you depends on how long you plan to stay in your home, your comfort with payment changes, your down payment size, and your financial picture. A program that works beautifully for one borrower might create stress for another. I've seen homeowners save significantly by choosing a loan structure that matched their actual life plans, not just the lowest advertised rate. Let's talk about which programs align with your situation.

Reach out, and we can walk through which loan type makes sense for your goals.

Tip of the Week

Replace weatherstripping around exterior doors every few years. It's one of the cheapest ways to improve energy efficiency.

Tips for Homeowners

USDA Loans: A Zero-Down Option for Rural Buyers

1.	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.

2.	USDA loans have income limits — typically 115% of the area median income. Both the property location and borrower income must qualify.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Brandon List

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