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Mortgage Market Update
My Mortgage Company
Joseph O'Connell
Tuesday, November 3, 2026
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Fixed or adjustable—which fits you? |
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One of the biggest choices in a mortgage isn't talked about nearly enough. Let's break down what actually matters when you're choosing between loan types.
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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 Program Fit
Fixed or adjustable: which one matches your plan?
One of the biggest choices you'll make isn't about how much to borrow—it's about the structure of your loan itself. A fixed-rate mortgage keeps your payment stable for the entire term, which means predictability and peace of mind. An adjustable-rate mortgage may start lower, but can change over time, which works well if you're planning to sell or refinance before rates adjust. Neither is universally "right"—it depends on your timeline, risk tolerance, and how long you actually plan to stay in the home. Understanding which loan type aligns with your real-world situation can make a significant difference in your comfort level as a homeowner. If you'd like to talk through which structure makes sense for your circumstances, I'm here to walk through it with you. Let's find the loan type that fits your life—reach out anytime.
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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
Joseph O'Connell
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