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Mortgage Market Update
My Mortgage Company
Crafted Home Loans
Tuesday, November 3, 2026
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Fixed or adjustable: know the trade-offs |
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One of the most important mortgage decisions happens before you even close. Choosing the right loan type can shape your monthly budget and long-term financial picture in meaningful ways.
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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 loan fits your plan
When you're shopping for a mortgage, one of the biggest decisions is choosing between a fixed-rate loan—where your rate stays the same for the life of the loan—and an adjustable-rate mortgage, where your rate can change over time. Fixed rates give you predictability and peace of mind; adjustable rates often start lower, which can mean smaller payments early on, but carry risk if rates rise later. The right choice depends on how long you plan to stay in your home, how comfortable you are with uncertainty, and what your financial goals look like. There's no universal "best" answer, but there's definitely a best answer for you. I'd love to walk through both options and help you understand which aligns with your situation. Let's talk through which loan structure makes sense for your timeline and comfort level.
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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
Crafted Home Loans
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