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Mortgage Market Update
My Mortgage Company
Hargrave Home Loans
Thursday, September 17, 2026
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Rates rising or falling? Here's what it means for you |
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Hi there. This week I want to tackle a question that comes up in almost every conversation I have.
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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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Smart Timing
When to lock in versus wait and see
One of the hardest questions I hear is: should I move forward now, or hold off? The truth is there's no crystal ball. But there are real trade-offs worth thinking through. Moving forward locks in your rate today and gets you into your home or your new loan terms—you stop wondering what-if. Waiting means you're betting rates will move in your favor, which may or may not happen. The best choice depends on your personal situation: how long you plan to stay, whether you're comfortable with payment uncertainty, and how much you value peace of mind. I'm happy to walk through the math and help you think through what makes sense for you. Reach out and we can talk through your timeline and options together.
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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
Hargrave Home Loans
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