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Mortgage Market Update
My Mortgage Company
Seth Feinman
Thursday, September 17, 2026
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When your mortgage payment actually changes |
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One question I hear often is whether people's monthly payment stays the same forever. The answer depends on the type of loan you have—and it's worth understanding.
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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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Monthly Budget
What happens to your mortgage payment when rates move
A lot of people assume their monthly payment is locked in for life, but that's only true if you have a fixed-rate loan. If you're carrying an adjustable-rate mortgage, or if you're thinking about taking one on, it helps to understand how rate changes ripple through your budget. When rates move up, your payment can too—sometimes significantly. The opposite is true as well. Knowing this ahead of time means no surprises down the road, and it helps you plan with confidence. If you're curious about what your payment might look like under different rate scenarios, or want to talk through whether a fixed or adjustable loan makes sense for your situation, I'm here to walk you through it. Reach out whenever you'd like to talk through how rates affect your bottom line.
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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
Seth Feinman
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