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Mortgage Market Update
My Mortgage Company
Appreciated Asset
Thursday, September 17, 2026
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What really affects your monthly payment |
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Hi there. This week I want to talk about the parts of your mortgage payment that aren't what they seem.
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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 mortgage payment might change even if rates don't
Most people think their mortgage payment is locked in forever—and in one sense, it is. But there are moving parts you should know about. Property taxes can increase as your home's assessed value rises. Homeowners insurance premiums shift based on claims, inflation, and your location. If you put down less than 20%, your mortgage insurance may eventually fall away once you build enough equity. These aren't surprises if you understand them ahead of time. Knowing what to expect helps you budget better and spot opportunities—like when mortgage insurance drops or when refinancing makes sense. I'm happy to walk through what's built into your situation right now. Let's review your mortgage details and talk through what could change 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 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
Appreciated Asset
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