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Mortgage Market Update
CJ Cunningham
CJ Cunningham
Tuesday, November 3, 2026
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Fixed or adjustable—which fits your situation? |
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Hi there. One of my borrowers recently asked me which type of loan she should choose, and it made me realize this conversation is worth having with everyone.
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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 vs. adjustable: which one fits your plan?
One of the most important choices you'll make isn't about numbers on a rate sheet—it's about what kind of loan matches your life. A fixed-rate loan keeps the same payment for the entire term, which means predictability and peace of mind. An adjustable-rate loan may start lower but can change over time, which works well if you're planning to sell or refinance before that adjustment happens. There's no universal right answer. It depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what your budget can absorb. I'd like to walk you through how each type might work for your specific situation so you can make a choice that actually fits your life. Let's talk through which loan type makes the most sense for you.
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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 CJ Cunningham team any time and we'll walk you through your options. |
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