Dorian Weber · November 6, 2026

What to do if your payment feels too high

Mortgage Market Update

My Mortgage Company

Dorian Weber

Friday, November 6, 2026

What to do if your payment feels too high

Sometimes the numbers that made sense a year or two ago don't feel right anymore. Here's what you should know about your options.

National Mortgage Rates · November 5, 2026

Conventional 30-Year

7.18%

FHA 30-Year

6.90%

VA 30-Year

6.76%

Rate trend

Source: Optimal Blue daily mortgage indices via FRED · 30-yr: Freddie Mac weekly survey

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 payment gets harder to afford

Life changes fast. A job shift, growing family, or unexpected expense can turn a comfortable mortgage payment into a real stretch. If you're feeling the squeeze, you have more options than you might think. Depending on your situation, you could explore a loan modification with your current lender, refinance to a different term, or even tap into home equity you've built. The key is talking to someone before the payments become a problem—not after. I've helped borrowers find breathing room in their budget more times than I can count, and there's usually a path forward. If your payment is weighing on you, let's have a conversation about what might work.

Reach out anytime you want to talk through what's possible 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

Dorian Weber

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