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Mortgage Market Update
My Mortgage Company
Michael Perlman
Thursday, September 17, 2026
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Fixed or adjustable—which loan is right for you? |
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Every borrower faces a choice about which type of mortgage to use. Understanding the difference can help you make a decision that aligns with your life and finances.
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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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Mortgage Basics
Why your loan type matters more than you think
Not all mortgages work the same way. A fixed-rate loan keeps your payment steady for the life of the loan, while an adjustable-rate mortgage may start lower but can change over time. Your choice depends on how long you plan to stay in your home, your comfort with payment changes, and what's available in today's market. I see borrowers make this decision without fully understanding the trade-offs—and it's worth getting right. The program you pick affects not just your monthly payment, but your financial peace of mind for years to come. If you're unsure which structure makes sense for your situation, I'd be happy to walk you through the options. Reach out if you'd like to talk through which loan type fits your goals.
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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
Michael Perlman
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