Mortgage Market Update

Dylan Kirby

Thursday, September 17, 2026

Fixed or adjustable—which is right for you?

One of the biggest decisions in the mortgage process isn't about rates at all. It's about choosing the right loan type for your life and goals.

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.

Mortgage Basics

Why your loan type matters more than you think

When you're shopping for a mortgage, the interest rate gets all the attention—but the type of loan you choose shapes your entire financial picture. A fixed-rate mortgage locks in your payment for the life of the loan, giving you predictability and peace of mind. An adjustable-rate mortgage might start lower, but your payment can change over time. There are also specialized programs designed for first-time buyers, investment properties, or borrowers with unique situations. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and what fits your budget. If you're not sure which loan type aligns with your goals, I'd love to walk you through the options.

Let's talk about which loan structure makes sense for your situation.

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 Dylan Kirby team any time and we'll walk you through your options.

Your Mortgage Advisor

Dylan Kirby

dylan.kirby@homesimply.com

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