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Mortgage Market Update
My Mortgage Company
Dwayne Bull
Thursday, September 17, 2026
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Your mortgage payment: why it matters to lock it in |
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Hi there. I wanted to share something that comes up in almost every conversation I have with homeowners—and it's worth understanding clearly.
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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 Money
Why your payment stays the same on a fixed rate
One of the biggest advantages of a fixed-rate mortgage is predictability. Once you lock in your rate, your principal and interest payment doesn't change for the life of the loan—whether rates go up, down, or sideways. That means you can budget with confidence and never worry about your payment jumping on you. Your property taxes or insurance might shift over time, but that core mortgage payment? It's locked in. This is one reason many borrowers prefer fixed rates, especially in uncertain times. If you've been curious about how your rate choice affects your monthly cash flow, I'd love to walk you through it. Reach out anytime—I'm here to explain how different loan options could work for your situation.
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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
Dwayne Bull
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