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Mortgage Market Update
My Mortgage Company
Celia White
Thursday, September 17, 2026
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Rate changes and your monthly payment |
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Hi there. This week I want to clear up something I hear about often: how interest rates actually affect what you pay each month.
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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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Payment Planning
What happens to your payment when rates move
A lot of people ask me whether a rate change will affect their monthly mortgage payment—and the answer depends on what kind of loan you have. If you're locked into a fixed-rate mortgage, your payment stays exactly the same for the entire life of the loan, no matter what happens in the market. That's one of the biggest reasons people choose fixed rates in the first place. But if you're considering an adjustable-rate loan or thinking about refinancing, it's worth understanding how rate shifts could change what you owe each month down the road. The better you understand your loan structure, the easier it is to plan ahead and make confident decisions about your home. If you'd like to walk through how your specific loan works, I'm here to answer questions.
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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
Celia White
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