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Mortgage Market Update
My Mortgage Company
Karla G Rosillo
Thursday, September 17, 2026
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What's actually locked in on your loan? |
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Hi there. I want to talk about something that catches a lot of homeowners off guard—changes to the payment they thought were set in stone.
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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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Smart Money
Why your payment might change even if rates don't
A lot of people think their mortgage payment is locked in for life, but that's not quite how it works. If you have an adjustable-rate loan, your rate can move after the initial fixed period ends, which means your payment adjusts too. Even if you have a fixed rate, your escrow payment—the part that covers taxes and insurance—can go up if your property taxes or homeowners insurance increases. Understanding what can and can't change on your loan helps you budget with confidence and spot opportunities to refinance before a payment shock hits. If you'd like to review your loan terms and discuss what's locked in versus what might shift, I'm here to walk you through it.
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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
Karla G Rosillo
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