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Mortgage Market Update
My Mortgage Company
Craig Scott
Tuesday, November 3, 2026
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Fixed or adjustable—which fits your plan? |
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Hi there. This week I want to break down one of the most important decisions you'll make when getting a mortgage—and one that often gets overlooked in all the rate noise.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
7.13%
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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.
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Loan Programs
Fixed vs. adjustable: which path is right for you
When you're shopping for a mortgage, one of the biggest choices isn't about the lender—it's about the loan structure itself. A fixed-rate mortgage keeps your payment steady for the life of the loan, which gives you predictability and peace of mind. An adjustable-rate mortgage starts lower but can change over time, which appeals to some borrowers who plan to move or refinance before rates shift. Neither is universally "better"—it depends on your timeline, risk tolerance, and how long you see yourself in the home. Understanding the difference helps you make a choice that actually fits your life, not just the moment you're buying. I'd be happy to walk you through both options and help you figure out which structure makes sense for your situation. Let's talk through which loan type aligns best with your goals.
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Tip of the Week
Refinancing resets your amortization clock. If you're 10 years into a 30-year loan, consider a shorter term to avoid paying more total interest.
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Tips for Homeowners
Co-Signing a Mortgage: What You're Really Agreeing To
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1.
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Co-signing makes you equally responsible for the debt. If the primary borrower misses payments, your credit score takes the same hit and the lender can pursue you for the full balance.
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2.
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The co-signed mortgage debt appears on your credit report and counts toward your DTI. This can limit your ability to qualify for your own financing until the loan is paid off or refinanced out of your name.
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3.
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There's no automatic way to remove yourself as a co-signer — the primary borrower must refinance the loan in their name alone. Get this understanding in writing before you sign.
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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
Craig Scott
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