You locked in a fixed  interest rate when you bought your home—so why did your monthly mortgage payment suddenly increase? You’re not alone! This is one of the most common questions we get from homeowners. The truth is: your interest rate is fixed, but other parts of your mortgage payment can still change over time.  Let’s break it down. Why Your Mortgage Payment Can Increase (Even With a Fixed Rate) Your monthly payment is made up of more than just principal and interest. I