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Mortgage Market Update
My Mortgage Company
Korosh Morsh's Account
Tuesday, November 3, 2026
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Fixed or adjustable: which loan is right for you? |
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Choosing a mortgage structure is just as important as the rate itself. Here's what you need to know.
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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 fits your plan?
When you're shopping for a mortgage or refinancing, one of the biggest choices is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate that changes over time. Fixed-rate mortgages give you predictability—your payment stays the same whether rates climb or fall. Adjustable-rate loans often start lower, which can make sense if you're planning to sell or refinance before rates adjust. The right choice depends on your timeline, risk tolerance, and how long you see yourself in the home. I'm happy to walk you through both options and help you figure out which aligns with your goals. Let's talk through what makes sense for your situation.
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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
Korosh Morsh's Account
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