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Monday, September 14, 2026 |
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Mortgage Market Update
Fixed or adjustable—what's right for you?
Hi there. Every borrower has to make some core decisions about their mortgage structure, and one of the biggest is the type of rate you choose.
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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?
When you're looking at mortgages, one of the biggest choices is whether to lock in a fixed rate for the life of the loan or start with a lower adjustable rate. Fixed-rate mortgages give you payment certainty—your rate and monthly payment never change, which makes budgeting straightforward. Adjustable-rate mortgages often start lower but can move over time, which means your payment could go up later. The right choice depends on how long you plan to stay in the home, how comfortable you are with payment uncertainty, and where rates are when you're shopping. I'd love to walk through the trade-offs with you and help you figure out what actually works for your situation. Let's talk about which loan type makes sense for you and your timeline.
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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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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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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 The Grampp Team team any time and we'll walk you through your options.
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5183761527
The Grampp Team · Unsubscribe
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