|
Mortgage Market Update
Jessica Firmiano
Jessica Firmiano
Thursday, September 17, 2026
|
Your mortgage payment and interest rates |
|
Hi there. This week I want to clear up a common question I hear from borrowers: what actually happens to your payment when market rates move?
|
|
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.
|
|
|
|
|
Payment Planning
What happens to your payment when rates move
A lot of people wonder whether a rate change affects their monthly mortgage payment—and the answer depends on what kind of loan you have. If you have a fixed-rate mortgage, your payment stays locked in for the entire life of the loan, no matter which way rates go in the market. That's one of the biggest advantages of a fixed rate: predictability. With an adjustable-rate loan, though, your payment can change when the rate adjusts, which is why it's so important to understand the terms upfront. Either way, knowing how your specific loan works means no surprises down the road.
|
|
Tip of the Week
Replace weatherstripping around exterior doors every few years. It's one of the cheapest ways to improve energy efficiency.
|
|
Tips for Homeowners
USDA Loans: A Zero-Down Option for Rural Buyers
|
|
1.
|
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.
|
|
2.
|
USDA loans have income limits — typically 115% of the area median income. Both the property location and borrower income must qualify.
|
|
3.
|
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.
|
|
|
Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Jessica Firmiano team any time and we'll walk you through your options. |
|
|
|
6 Wills Way, Piscataway, NJ 08854
(908) 656-3886 | https://petracephasinc.theradcrm.com/
You are receiving this from Jessica Firmiano. Unsubscribe
|
