The Kim E. Minor Team - NMLS #2342815

09/18/2026

Are You Still Paying for 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 “𝐏𝐌𝐈”?

Here is something many homeowners do not realize:

𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞, 𝐜𝐨𝐦𝐦𝐨𝐧𝐥𝐲 𝐜𝐚𝐥𝐥𝐞𝐝 𝐏𝐌𝐈, 𝐦𝐚𝐲 𝐧𝐨𝐭 𝐡𝐚𝐯𝐞 𝐭𝐨 𝐫𝐞𝐦𝐚𝐢𝐧 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐜𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐥𝐢𝐟𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐨𝐚𝐧.

Under federal guidelines, you may generally be able to:

✅ Request PMI cancellation when your loan is scheduled to reach 80% of the home’s original value

✅ Have PMI automatically terminated when the loan is scheduled to reach 78% of the original value, as long as the mortgage is current

✅ Have PMI removed at the midpoint of the loan term if it has not already been canceled and the loan is current

There are additional requirements, and the rules can vary based on your loan, payment history, property value, and type of mortgage insurance.

𝐑𝐞𝐦𝐨𝐯𝐢𝐧𝐠 𝐏𝐌𝐈 𝐜𝐨𝐮𝐥𝐝 𝐫𝐞𝐝𝐮𝐜𝐞 𝐲𝐨𝐮𝐫 𝐦𝐨𝐧𝐭𝐡𝐥𝐲 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐤𝐞𝐞𝐩 𝐦𝐨𝐫𝐞 𝐦𝐨𝐧𝐞𝐲 𝐢𝐧 𝐲𝐨𝐮𝐫 𝐡𝐨𝐮𝐬𝐞𝐡𝐨𝐥𝐝 𝐛𝐮𝐝𝐠𝐞𝐭.

DM me “MI,” and I’ll send you all the details.

Kim E. Minor | Mortgage Advisor
Primary Residential Mortgage, Inc. | NMLS #977129
📞 301-537-8263 | [email protected]
Licensed in MD, DC, VA, NC, GA, DE, TX & NE

𝐇𝐞𝐥𝐩𝐢𝐧𝐠 𝐅𝐚𝐦𝐢𝐥𝐢𝐞𝐬 𝐁𝐮𝐢𝐥𝐝 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐖𝐞𝐚𝐥𝐭𝐡 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐇𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩

09/18/2026

Higher oil prices, inflation concerns, and expectations for more Fed rate hikes pushed mortgage rates higher during the week ending September 18, 2026. Primary Residential Mortgage, Inc is an Equal Housing Lender.

Enjoy this quick update on what's going on in the housing and financial markets.

09/17/2026

09/16/2026

🚨 Fed Decision Day: Mortgage Rates Have Already Moved

Last week, I explained that persistent inflation, higher oil prices, and pressure in the bond market had increased the likelihood of a Federal Reserve rate hike.

Today, the Federal Reserve is widely expected to raise the Federal Funds Rate by 0.25%, which would be its first increase since July 2023.

The Fed’s decision will be announced at 2:00 p.m. Eastern Time, followed by Chairman Kevin Warsh’s news conference at 2:30 p.m.

But here is the important part for homebuyers:

The Fed does not directly set 30-year mortgage rates.

The bond market has already been reacting to the inflation outlook and the expected Fed decision. The 10-year Treasury yield recently reached 5.041%, its highest level since 2007.

This morning:

📈 The Mortgage News Daily 30-year fixed benchmark reached approximately 7.22%

📊 The 10-year Treasury yield was trading near 4.98%

That is why waiting for the Fed’s announcement does not necessarily mean waiting for a better mortgage rate. Much of the anticipated move may already be reflected in today’s rates.

The markets will also be watching:

🔹 The Fed’s updated inflation forecast
🔹 Chairman Kevin Warsh’s comments
🔹 The new “dot plot” showing where Fed officials expect rates to go
🔹 Whether additional rate increases may follow

For buyers, the answer is not simply to wait. It is to build the right financing strategy.

That may include:

✅ Negotiating seller concessions
✅ Using a temporary or permanent rate buydown
✅ Comparing Conventional, FHA, VA, USDA, and Non-QM options
✅ Purchasing before lower rates potentially bring more buyers back into the market
✅ Refinancing later if rates improve

Home values remain firm in many markets, and waiting for a lower rate does not guarantee a lower purchase price or a lower overall cost.

The Fed matters. The bond market matters. But your individual financing strategy matters even more.

If you are considering buying, refinancing, or investing in real estate, let’s review the numbers and develop a strategy around your goals. 📞301-537-8263

09/11/2026

𝐓𝐨𝐝𝐚𝐲’𝐬 𝐂𝐏𝐈 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐡𝐨𝐰𝐬 𝐖𝐡𝐲 𝐈 𝐓𝐫𝐚𝐜𝐤 𝐭𝐡𝐞 𝐁𝐨𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐯𝐞𝐫𝐲 𝐃𝐚𝐲

Last week, I explained why I track both the 10-year U.S. Treasury and mortgage rates every day.

𝐓𝐡𝐢𝐬 𝐦𝐨𝐫𝐧𝐢𝐧𝐠’𝐬 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐬 𝐚 𝐩𝐞𝐫𝐟𝐞𝐜𝐭 𝐞𝐱𝐚𝐦𝐩𝐥𝐞.

The Consumer Price Index increased 0.4% in August and remained at 3.4% year over year, both in line with expectations.

Core CPI, which excludes food and energy, increased 0.3% for the month, slightly above the 0.2% forecast. However, annual Core CPI fell from 2.5% to 2.4%, in line with expectations.

Energy remains an important part of the inflation story. WTI crude oil topped $100 per barrel this week, increasing pressure on fuel costs, inflation expectations, the bond market, and mortgage rates.

𝐒𝐨, 𝐰𝐡𝐚𝐭 𝐜𝐨𝐮𝐥𝐝 𝐭𝐡𝐢𝐬 𝐦𝐞𝐚𝐧 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐑𝐞𝐬𝐞𝐫𝐯𝐞’𝐬 𝐦𝐞𝐞𝐭𝐢𝐧𝐠 𝐧𝐞𝐱𝐭 𝐰𝐞𝐞𝐤?

The report does not guarantee a rate increase, but persistent inflation, strong employment data, and rising energy prices have made a 0.25% Fed rate increase increasingly likely. After today’s report, financial markets were pricing in about a 70% probability of a quarter-point increase, though those expectations can change quickly.

𝐁𝐮𝐭 𝐡𝐞𝐫𝐞 𝐢𝐬 𝐭𝐡𝐞 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐝𝐢𝐬𝐭𝐢𝐧𝐜𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐡𝐨𝐦𝐞𝐛𝐮𝐲𝐞𝐫𝐬:

The Federal Reserve does not directly set 30-year mortgage rates.

Mortgage rates respond primarily to the bond market, including the 10-year Treasury, mortgage-backed securities, inflation expectations, investor demand, and the mortgage spread.

That means mortgage rates do not have to wait for the Fed’s announcement. The bond market can begin pricing in a potential rate increase before the Fed acts.

It is also possible for the Fed to raise its short-term rate while mortgage rates improve if the bond market believes the increase will help control inflation. Conversely, mortgage rates could move higher if investors believe inflation will remain persistent.

That is why simply asking, “Will the Fed raise rates?” does not tell us exactly what will happen to mortgage rates.

𝐓𝐡𝐞 𝐛𝐞𝐭𝐭𝐞𝐫 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐫𝐞:

📊 How is the 10-year Treasury reacting?
📊 What is happening in the mortgage-backed securities market?
📊 Is the mortgage spread widening or narrowing?
📊 What financing strategy makes sense in today’s market?

Mortgage rates have increased approximately 0.18 percentage points, or 18 basis points, this week, placing top-tier 30-year fixed rates above 7%.

This morning’s initial bond-market reaction has been modestly positive, but lenders will issue their rate sheets throughout the morning and may adjust pricing as the market develops.

𝐖𝐡𝐚𝐭 𝐚𝐛𝐨𝐮𝐭 𝐡𝐨𝐦𝐞 𝐩𝐫𝐢𝐜𝐞𝐬?

As I shared in my recent DMV market update, higher mortgage rates have not caused home values across Maryland and Washington, DC, to collapse. 𝐌𝐚𝐫𝐲𝐥𝐚𝐧𝐝’𝐬 𝐬𝐭𝐚𝐭𝐞𝐰𝐢𝐝𝐞 𝐦𝐞𝐝𝐢𝐚𝐧 𝐩𝐫𝐢𝐜𝐞 𝐫𝐞𝐚𝐜𝐡𝐞𝐝 $𝟒𝟓𝟓,𝟎𝟎𝟎 𝐢𝐧 𝐉𝐮𝐥𝐲, 𝐮𝐩 𝟐.𝟐% 𝐟𝐫𝐨𝐦 𝐥𝐚𝐬𝐭 𝐲𝐞𝐚𝐫, 𝐰𝐢𝐭𝐡 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐜𝐨𝐮𝐧𝐭𝐢𝐞𝐬 𝐫𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐞𝐯𝐞𝐧 𝐬𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐚𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐢𝐨𝐧.

At the same time, some areas have softened, giving buyers more inventory, negotiating room, and opportunities to request seller concessions.

Buyers waiting for lower rates should remember that lower rates could bring more buyers back into the market. That could increase competition and place additional pressure on home prices, especially in areas where inventory remains limited.

For buyers, today’s market is not a reason to panic or automatically place their plans on hold.

𝐈𝐭 𝐢𝐬 𝐚 𝐫𝐞𝐚𝐬𝐨𝐧 𝐭𝐨 𝐡𝐚𝐯𝐞 𝐚 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲.

That strategy could include negotiating the purchase price, requesting seller concessions, using a temporary or permanent rate buydown, or selecting conventional, government, or Non-QM financing based on the buyer’s needs.

The Fed’s decision matters. Inflation matters. The bond market matters. Home prices matter. But the right strategy matters even more.

𝐈𝐟 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐭𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐚𝐛𝐨𝐮𝐭 𝐛𝐮𝐲𝐢𝐧𝐠, 𝐫𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠, 𝐨𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞, 𝐥𝐞𝐭’𝐬 𝐫𝐞𝐯𝐢𝐞𝐰 𝐭𝐡𝐞 𝐧𝐮𝐦𝐛𝐞𝐫𝐬 𝐚𝐧𝐝 𝐛𝐮𝐢𝐥𝐝 𝐚 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐟𝐨𝐫 𝐭𝐨𝐝𝐚𝐲’𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. 📞 𝟑𝟎𝟏-𝟓𝟑𝟕-𝟖𝟐𝟔𝟑

09/11/2026

Rates remained elevated during the week ending September 11, 2026, as oil prices pushed higher and inflation worries persisted. Primary Residential Mortgage, Inc is an Equal Housing Lender.

Enjoy this quick update on what's going on in the housing and financial markets.

09/08/2026

𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆 𝐍𝐄𝐖𝐒 𝐅𝐎𝐑 𝐌𝐀𝐑𝐘𝐋𝐀𝐍𝐃 𝐓𝐄𝐀𝐂𝐇𝐄𝐑𝐒 & 𝐅𝐈𝐑𝐒𝐓 𝐑𝐄𝐒𝐏𝐎𝐍𝐃𝐄𝐑𝐒!

Maryland just launched a new $𝟓𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐡𝐨𝐦𝐞𝐛𝐮𝐲𝐞𝐫 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞, and the numbers are worth looking at.

The 𝐅𝐢𝐫𝐬𝐭 𝐇𝐨𝐦𝐞𝐬 𝐟𝐨𝐫 𝐅𝐢𝐫𝐬𝐭 𝐑𝐞𝐬𝐩𝐨𝐧𝐝𝐞𝐫𝐬 𝐚𝐧𝐝 𝐓𝐞𝐚𝐜𝐡𝐞𝐫𝐬 program through the Maryland Mortgage Program (MMP) provides eligible first-time homebuyers with 𝐝𝐨𝐰𝐧 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐜𝐥𝐨𝐬𝐢𝐧𝐠 𝐜𝐨𝐬𝐭 𝐚𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐞𝐪𝐮𝐚𝐥 𝐭𝐨 𝟓% 𝐨𝐟 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞.

The assistance is a 𝟎% 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐬𝐞𝐜𝐨𝐧𝐝 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐰𝐢𝐭𝐡 𝐝𝐞𝐟𝐞𝐫𝐫𝐞𝐝 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬, repayable when the first mortgage ends, such as through a sale or refinance.

𝐖𝐡𝐚𝐭 𝐜𝐨𝐮𝐥𝐝 𝐭𝐡𝐚𝐭 𝐦𝐞𝐚𝐧 𝐨𝐧 𝐚 $𝟒𝟓𝟎,𝟎𝟎𝟎 𝐡𝐨𝐦𝐞?

For a borrower who qualifies for 𝟑% 𝐝𝐨𝐰𝐧:

𝐃𝐨𝐰𝐧 𝐏𝐚𝐲𝐦𝐞𝐧𝐭:
$450,000 × 3% = $𝟏𝟑,𝟓𝟎𝟎

𝐅𝐢𝐫𝐬𝐭 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞:
$450,000 − $13,500 = $𝟒𝟑𝟔,𝟓𝟎𝟎

𝟓% 𝐌𝐌𝐏 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞:
$436,500 × 5% = $𝟐𝟏,𝟖𝟐𝟓

Now let's apply the assistance:

$21,825 MMP second mortgage
− $13,500 down payment
= $𝟖,𝟑𝟐𝟓 𝐫𝐞𝐦𝐚𝐢𝐧𝐢𝐧𝐠 𝐭𝐨𝐰𝐚𝐫𝐝 𝐞𝐥𝐢𝐠𝐢𝐛𝐥𝐞 𝐜𝐥𝐨𝐬𝐢𝐧𝐠 𝐜𝐨𝐬𝐭𝐬

So, the assistance could potentially cover the borrower's 𝐞𝐧𝐭𝐢𝐫𝐞 𝟑% 𝐝𝐨𝐰𝐧 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐏𝐋𝐔𝐒 $𝟖,𝟑𝟐𝟓 𝐭𝐨𝐰𝐚𝐫𝐝 𝐞𝐥𝐢𝐠𝐢𝐛𝐥𝐞 𝐜𝐥𝐨𝐬𝐢𝐧𝐠 𝐜𝐨𝐬𝐭𝐬.

𝐍𝐨𝐰 𝐥𝐞𝐭'𝐬 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐫𝐚𝐭𝐞.

The First Homes program also provides an interest rate 𝟎.𝟓𝟎% 𝐥𝐨𝐰𝐞𝐫 𝐭𝐡𝐚𝐧 𝐌𝐌𝐏'𝐬 𝐬𝐭𝐚𝐧𝐝𝐚𝐫𝐝 𝐅𝐢𝐫𝐬𝐭 𝐓𝐢𝐦𝐞 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝟓% 𝐋𝐨𝐚𝐧 𝐩𝐫𝐨𝐝𝐮𝐜𝐭.

Using recently published rates:

𝐓𝐫𝐚𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥: 𝟔.𝟕𝟏%¹
$436,500 loan
Approx. P&I = $𝟐,𝟖𝟐𝟎/𝐦𝐨𝐧𝐭𝐡

𝐌𝐌𝐏 𝐅𝐢𝐫𝐬𝐭 𝐇𝐨𝐦𝐞𝐬 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥: 𝟕.𝟎𝟎%²
$436,500 loan
Approx. P&I = $𝟐,𝟗𝟎𝟒/𝐦𝐨𝐧𝐭𝐡

𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞: 𝐚𝐩𝐩𝐫𝐨𝐱𝐢𝐦𝐚𝐭𝐞𝐥𝐲 $𝟖𝟓 𝐩𝐞𝐫 𝐦𝐨𝐧𝐭𝐡.

So here's the question:

𝐂𝐨𝐮𝐥𝐝 𝐩𝐚𝐲𝐢𝐧𝐠 𝐚𝐛𝐨𝐮𝐭 $𝟖𝟓 𝐦𝐨𝐫𝐞 𝐩𝐞𝐫 𝐦𝐨𝐧𝐭𝐡 𝐦𝐚𝐤𝐞 𝐬𝐞𝐧𝐬𝐞 𝐢𝐟 𝐢𝐭 𝐠𝐢𝐯𝐞𝐬 𝐲𝐨𝐮 𝐚𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 $𝟐𝟏,𝟖𝟐𝟓 𝐢𝐧 𝟎% 𝐝𝐞𝐟𝐞𝐫𝐫𝐞𝐝 𝐚𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐚𝐥𝐥𝐨𝐰𝐬 𝐲𝐨𝐮 𝐭𝐨 𝐤𝐞𝐞𝐩 𝐦𝐨𝐫𝐞 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐨𝐰𝐧 𝐦𝐨𝐧𝐞𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐛𝐚𝐧𝐤?

For some buyers, it absolutely could.

𝐓𝐡𝐞 𝐥𝐨𝐰𝐞𝐬𝐭 𝐫𝐚𝐭𝐞 𝐢𝐬𝐧'𝐭 𝐚𝐥𝐰𝐚𝐲𝐬 𝐭𝐡𝐞 𝐛𝐞𝐬𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲. 𝐓𝐡𝐚𝐭'𝐬 𝐰𝐡𝐲 𝐈 𝐫𝐮𝐧 𝐭𝐡𝐞 𝐧𝐮𝐦𝐛𝐞𝐫𝐬.

If you're a 𝐌𝐚𝐫𝐲𝐥𝐚𝐧𝐝 𝐭𝐞𝐚𝐜𝐡𝐞𝐫 𝐨𝐫 𝐞𝐥𝐢𝐠𝐢𝐛𝐥𝐞 𝐟𝐢𝐫𝐬𝐭 𝐫𝐞𝐬𝐩𝐨𝐧𝐝𝐞𝐫 considering buying your first home, 𝐥𝐞𝐭'𝐬 𝐜𝐨𝐦𝐩𝐚𝐫𝐞 𝐲𝐨𝐮𝐫 𝐨𝐩𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐝𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐞 𝐰𝐡𝐢𝐜𝐡 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐦𝐚𝐤𝐞𝐬 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐬𝐞𝐧𝐬𝐞 𝐟𝐨𝐫 𝐲𝐨𝐮.
📞 𝟑𝟎𝟏-𝟓𝟑𝟕-𝟖𝟐𝟔𝟑 | 📧 𝐤𝐦𝐢𝐧𝐨𝐫@𝐩𝐫𝐢𝐦𝐞𝐫𝐞𝐬.𝐜𝐨𝐦

¹ 𝐒𝐨𝐮𝐫𝐜𝐞: Freddie Mac Primary Mortgage Market Survey® (PMMS®), September 3, 2026. National average 30-year fixed-rate mortgage: 𝟔.𝟕𝟏%.
² 𝐒𝐨𝐮𝐫𝐜𝐞: Maryland Mortgage Program published rate sheet, September 8, 2026. First Homes for First Responders and Teachers Conventional: 𝟕.𝟎𝟎%. See less

09/08/2026

📈 𝐋𝐚𝐬𝐭 𝐰𝐞𝐞𝐤 𝐈 𝐞𝐱𝐩𝐥𝐚𝐢𝐧𝐞𝐝 𝐰𝐡𝐲 𝐈 𝐭𝐫𝐚𝐜𝐤 𝐭𝐡𝐞 𝟏𝟎-𝐲𝐞𝐚𝐫 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐲 𝐀𝐍𝐃 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐫𝐚𝐭𝐞𝐬 𝐞𝐯𝐞𝐫𝐲 𝐝𝐚𝐲. 𝐓𝐡𝐢𝐬 𝐰𝐞𝐞𝐤, 𝐭𝐡𝐞 𝐛𝐨𝐧𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐠𝐞𝐭𝐬 𝐚 𝐥𝐢𝐯𝐞 𝐭𝐞𝐬𝐭.

All eyes are on Friday's Consumer Price Index report, scheduled for 8:30 a.m. ET. It's the most important economic report of the week, and the inflation data could significantly influence expectations for the Fed's September 16 decision.

𝐇𝐞𝐫𝐞'𝐬 𝐰𝐡𝐚𝐭 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐢𝐧𝐠:
🔹 Headline inflation up 0.4% in August, holding at 3.4% year over year
🔹 Core inflation up 0.2%, which would bring the annual figure down from 2.5% to 2.4%

Markets will be paying particularly close attention to core CPI, which strips out volatile food and energy prices and can provide a clearer picture of underlying inflation trends.

And here's the part that connects directly to last week's post:

The Fed does not directly set your 30-year mortgage rate.

Mortgage rates are heavily influenced by the bond market, particularly mortgage-backed securities, with the 10-year Treasury serving as an important benchmark for longer-term interest rates.

That means mortgage rates can move before the Fed ever acts.

🔥 If CPI comes in hotter than expected, bond yields could move higher and put upward pressure on mortgage rates.
❄️ If CPI comes in cooler than expected, bonds could rally, and mortgage rates could benefit.

And if CPI comes in right around expectations? We may see a more muted reaction because much of that information may already be priced in.

That's why I don't just watch what the Fed does. I watch what the bond market is telling us before the Fed acts.

🏡 What does this mean if you're buying or refinancing?

The goal isn't to time the market perfectly. It's to understand what the market is telling us and build a financing strategy that gives you options.

𝐒𝐞𝐥𝐥𝐞𝐫 𝐜𝐨𝐧𝐜𝐞𝐬𝐬𝐢𝐨𝐧𝐬. 𝐓𝐞𝐦𝐩𝐨𝐫𝐚𝐫𝐲 𝐨𝐫 𝐩𝐞𝐫𝐦𝐚𝐧𝐞𝐧𝐭 𝐛𝐮𝐲𝐝𝐨𝐰𝐧𝐬. 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥, 𝐅𝐇𝐀, 𝐕𝐀, 𝐔𝐒𝐃𝐀, 𝐨𝐫 𝐍𝐨𝐧-𝐐𝐌 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠.

The rate matters. The strategy matters even more.

If you're considering buying or refinancing, let's talk strategy before Friday's data drops.

Helping Families Build Generational Wealth Through Homeownership

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09/04/2026

Rates moved higher during the week ending September 4, 2026, due to rising bond yields and expectations of a possible September Fed policy rate hike. Primary Residential Mortgage, Inc is an Equal Housing Lender.

Enjoy this quick update on what's going on in the housing and financial markets.

09/04/2026

𝐓𝐡𝐢𝐬 𝐨𝐧𝐞 𝐦𝐞𝐚𝐧𝐬 𝐚 𝐥𝐢𝐭𝐭𝐥𝐞 𝐦𝐨𝐫𝐞.

I’m grateful to be recognized as one of PRMI’s Mid-Atlantic Division Top Producers for August.

But behind every production number is a story.

One of my August closings was for a very close friend who trusted me to help him purchase his new home. And this closing date really mattered. He was scheduled to leave town the very next day, so we needed to make sure everything came together on time and as planned.

And it did.

After more than 25 years in mortgage lending, moments like this remind me that what we do is about much more than rates, loan amounts, and production.

It’s about trust, communication, preparation, and ex*****on.

When a friend trusts you personally and professionally with one of the largest financial decisions they’ll make, that means something.

So I’m grateful for the Top Producer recognition, but I’m even more grateful for the clients, friends, Realtors, and referral partners who continue to place their trust in me.

That’s what this recognition represents to me.

𝐇𝐞𝐥𝐩𝐢𝐧𝐠 𝐅𝐚𝐦𝐢𝐥𝐢𝐞𝐬 𝐁𝐮𝐢𝐥𝐝 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐖𝐞𝐚𝐥𝐭𝐡 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐇𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩.

Kim E. Minor | Mortgage Advisor
Primary Residential Mortgage, Inc. | NMLS #977129
📞 301-537-8263 | [email protected]
Licensed in MD, DC, VA, NC, GA, DE, TX & NE