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Mortgage Market Update
My Mortgage Company
Kristopher Matyas
Thursday, September 17, 2026
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Your payment and rate changes: what you should know |
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Rates move constantly, and I know that can feel unsettling if you're not sure how it touches your mortgage. Let me clear this up.
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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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Payment Planning
What happens to your mortgage when rates shift
A lot of people ask me whether rising or falling rates will affect their monthly payment. The short answer: it depends on your loan type. If you have a fixed-rate mortgage, your payment stays the same for the life of the loan—no matter what happens in the market. That's the security a fixed rate gives you. If you're adjustable-rate borrower or thinking about taking one on, rate changes will eventually affect what you owe each month. Understanding which loan fits your comfort level and timeline is part of being a confident homeowner. I'm here to walk through how different rate environments play out for your specific situation. Let's talk about what rate type makes the most sense for you.
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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
Kristopher Matyas
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