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Mortgage Market Update
Veronica DeWitt
Barrett Financial
Friday, September 11, 2026
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Fixed rate or adjustable—what's right for you? |
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Hi there. This week I want to walk you through one of the most important decisions you'll face when getting a mortgage—and it's one that deserves a real conversation.
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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
Fixed vs. adjustable: which fits your plan?
One of the biggest choices you'll make is whether to lock in a fixed rate for the entire loan term or start with an adjustable rate that changes over time. A fixed rate gives you certainty—your payment stays the same month after month, which makes budgeting straightforward. An adjustable rate often starts lower, which can mean smaller payments early on, but it carries the risk that your payment will rise when the rate adjusts. The right choice depends on how long you plan to stay in the home, your comfort with payment uncertainty, and what's happening in the rate environment. There's no universal winner here—it's about what matches your financial situation and peace of mind.
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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.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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1.
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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.
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2.
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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.
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3.
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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.
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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 Veronica DeWitt team any time and we'll walk you through your options. |
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5750 Sunrise Blvd Ste 130 ECitrus Heights, CA 95610
5103968994 | www.dewitthomeloans.com
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