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Mortgage Market Update
My Mortgage Company
Jacob Smith
Thursday, September 17, 2026
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What type of mortgage works for you? |
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Hi there. Every borrower is different, and so is every loan program. Here's what you should know about finding the right fit.
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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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Loan Programs
Which loan type fits your situation?
Not all mortgages are the same, and the right program for you depends on where you are in your financial life. If you're a first-time buyer, programs exist to help you get in the door. If you're already a homeowner, you might have options to lower your payment or shorten your timeline. Some programs reward a larger down payment; others work for borrowers with smaller savings. The key is understanding what's available and how each one aligns with your goals. Let's talk about what makes sense for your circumstances. I'd be happy to walk you through the options that fit your situation best.
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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
Jacob Smith
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