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Mortgage Market Update
My Mortgage Company
Gigi Prieto
Thursday, September 17, 2026
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How rate changes affect your wallet |
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Hi there. This week I wanted to break down something that comes up in nearly every conversation I have: what actually happens to your mortgage when rates move.
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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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Rate Environment
What happens to your payment when rates move
When interest rates change, it affects both new borrowers and existing homeowners in different ways. If you're shopping for a mortgage, a rate shift can change your monthly payment and how much home you can afford. If you already own your home, rate movement might open up refinancing opportunities—or it might confirm that staying put makes sense. Either way, understanding how rates flow through to your actual costs helps you make smarter decisions about timing and strategy. The good news is you don't have to guess at the numbers. I'm here to walk you through what a rate move means for your specific situation. Let's talk through where rates are and what they mean 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
Gigi Prieto
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