|
Mortgage Market Update
My Mortgage Company
Kevin Flannery
Wednesday, September 16, 2026
|
Which loan type fits your situation |
|
There's more than one way to finance a home, and the path you choose affects what you pay. Here's what you should know.
|
|
National Mortgage Rates · September 10, 2026
|
Conventional 30-Year
6.76%
|
|
| |
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%233b5bdb%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
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.
|
|
|
|
Loan Programs
What your loan type actually costs you
When you're shopping for a mortgage or thinking about refinancing, the loan program you choose matters more than most borrowers realize. Different programs — conventional, FHA, VA, USDA — come with different rules about down payments, credit requirements, and what you'll pay over time. Some borrowers qualify for programs they didn't know existed, which can open doors they thought were closed. The best program for you depends on your situation: your down payment amount, credit profile, income, and long-term plans for the home. It's worth understanding your options instead of just accepting the first one offered. I'm happy to walk you through which programs you might qualify for and what each one actually means for your monthly payment and total cost. Let's talk about which loan program makes the most sense for your goals.
|
|
Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
|
|
Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
|
|
1.
|
VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
|
|
2.
|
VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
|
|
3.
|
There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
|
|
|
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
Kevin Flannery
|
|
|
|
You are receiving this from Kevin Flannery. Unsubscribe
|
|