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Mortgage Market Update
Tambra Jenkins / Mortgage Queen
Xpert Home Lending LLC
Thursday, September 17, 2026
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When rates move, here's what actually changes |
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A Note From Tambra Jenkins / Mortgage Queen
Rates are moving and so are buyers. If you've been sitting on the sideline, now is the time to get your numbers in order. Reply to this email and let's talk.
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Hi there. This week I want to clear up something I hear confused a lot: what mortgage rate movement really means for your wallet.
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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 shift
A lot of people ask me what they should do when mortgage rates move. Here's the truth: if you already have a loan locked in, your payment stays the same—rate changes don't affect you retroactively. But if you're shopping now, or thinking about refinancing later, rate movement directly changes what you can afford and what you'll pay each month. The good news is that understanding this relationship helps you make smarter decisions, whether that's locking in soon, waiting a bit, or exploring whether a refinance makes sense down the road.
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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 Tambra Jenkins / Mortgage Queen team any time and we'll walk you through your options. |
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9164104430 | hhtps://tjmortgagequeen.com
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