Brian Irby · November 6, 2026

What to do if your mortgage payment feels tight

Mortgage Market Update

My Mortgage Company

Brian Irby

Friday, November 6, 2026

What to do if your mortgage payment feels tight

Sometimes the mortgage that made perfect sense a year or two ago doesn't feel as comfortable now. Here's how to think about it.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

Rate trend

Source: Optimal Blue daily mortgage indices via FRED

Rates shown are national mortgage index rates 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 Check

When your budget feels tight, here's what to review

Life changes fast—job shifts, growing family, unexpected expenses. If your monthly mortgage payment suddenly feels less comfortable than it used to, you're not alone, and there are real options worth exploring. Sometimes it makes sense to look at your loan terms, your insurance costs, or whether you're carrying PMI that could be removed. Other times, a conversation about your overall financial picture helps clarify what's actually possible right now. I've worked with plenty of homeowners who felt squeezed until we sat down and looked at what was really driving that pressure. There's rarely just one answer, but there's almost always a path forward.

Let's talk through where you stand and what might work for your situation.

Tip of the Week

Closing costs typically run 2-5% of the loan amount. Ask your lender for a Loan Estimate so there are no surprises.

Tips for Homeowners

Protecting Yourself from Mortgage Scams

1.

Wire fraud is one of the fastest-growing real estate scams. Never wire closing funds based solely on email instructions — always verify account numbers by calling your title company at a number you look up yourself.

2.

Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.

3.

Be wary of unsolicited offers to refinance or cash out equity at terms that sound unusually favorable. If someone contacts you out of the blue, verify their NMLS license number at nmlsconsumeraccess.org.

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

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My Mortgage Company

Brian Irby

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