Mortgage Market Update

My Mortgage Company

Anthony Alzate

Thursday, September 17, 2026

Picking the right loan type for you

Hi there. This week I want to cover something that gets overlooked in the rush to close: choosing the right kind of mortgage for your life.

National Mortgage Rates · September 10, 2026

Conventional 30-Year

6.76%

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.

Smart Money

Why your loan program matters more than you think

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 another program—shapes your financial life for years. The right program for you depends on how long you plan to stay in your home, your comfort with payment changes, and what you can afford upfront. A program that works great for one borrower might create stress for another. That's why I always spend time understanding your situation before recommending a path forward. If you're curious whether your current loan is still the best fit, or you're starting the buying process and want to understand your real options, I'm here to walk you through it.

Let's talk about which loan program 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

Anthony Alzate

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