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Mortgage Market Update
My Mortgage Company
Tamara Kammo
Tuesday, November 3, 2026
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Fixed or adjustable—what's the difference? |
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Every mortgage comes down to a few core choices. This week I want to break down one of the most important ones.
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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, one of the biggest 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. A fixed rate gives you predictability—your payment stays the same for 15, 20, or 30 years, which makes budgeting easier and protects you if rates climb. An adjustable rate might make sense if you're planning to sell or refinance before the rate adjustment kicks in, or if you're comfortable with the idea that your payment could go up later. The right choice depends on how long you plan to stay in your home and your comfort with risk. Let's talk through what makes sense for your situation. Reach out this week and we can walk through which structure fits your timeline and peace of mind.
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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
Tamara Kammo
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