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Mortgage Market Update
My Mortgage Company
Elizabeth Gibson
Tuesday, November 3, 2026
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Fixed or adjustable—what's right for you |
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When you're ready to buy or refinance, the choice between loan types matters. 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 rate vs. adjustable: which makes sense for you
When you're shopping for a mortgage, one of the bigger decisions is whether to lock in a fixed rate for the life of your loan or go with an adjustable rate that starts lower but can change over time. There's no universal right answer—it depends on your comfort level with payment changes, how long you plan to stay in your home, and what the rate environment looks like. A fixed rate gives you predictability and peace of mind. An adjustable rate can mean lower payments early on, but you're taking on the risk that rates will climb later. I help borrowers think through both scenarios so you can choose what actually fits your situation and your nerves. Let's talk through your options and find the right fit for 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
Elizabeth Gibson
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