Bret Bushman CRM · September 17, 2026

Five things that affect your payment

Mortgage Market Update

My Mortgage Company

Bret Bushman CRM

Thursday, September 17, 2026

Five things that affect your payment

Hi there—this week I want to pull back and look at the full picture of what goes into your mortgage payment.

National Mortgage Rates · September 10, 2026

Conventional 30-Year

6.76%

FHA 30-Year

6.82%

VA 30-Year

6.71%

Rate trend

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.


Affordability Snapshot

What your payment really depends on

When you're looking at buying or refinancing, the monthly payment is usually what matters most to your budget. Most people focus on the interest rate, and yes, that moves the needle—but it's only part of the picture. Your down payment size, the loan term you choose, property taxes, insurance, and HOA fees all shape what you actually pay each month. The good news: understanding these moving pieces helps you make a real plan instead of guessing. If you've been sitting on the sidelines waiting for the 'perfect' rate, or if you're wondering whether a refinance pencils out, a quick conversation about your full situation can clarify what's actually possible for you.

Reach out whenever you'd like to talk through your numbers—no obligation.

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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

M

My Mortgage Company

Bret Bushman CRM

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