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Mortgage Market Update
Jennifer Tewell
Jennifer Tewell
Tuesday, November 3, 2026
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Fixed or adjustable? Know the difference |
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There's no one-size-fits-all mortgage. Here's what you should consider when weighing your options.
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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 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 month after month, which makes budgeting easier and protects you if rates climb. Adjustable-rate mortgages typically start lower, which can mean smaller early payments, but they carry the risk that your payment will rise when the adjustment period kicks in. The right choice depends on how long you plan to stay in the home, your comfort with payment uncertainty, and where rates are right now. I'd love to walk through the trade-offs with you and help you figure out which approach aligns with your situation. Let's talk through your options—reach out whenever you're ready.
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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 Jennifer Tewell team any time and we'll walk you through your options. |
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