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Mortgage Market Update
My Mortgage Company
Test New
Tuesday, November 3, 2026
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Fixed or adjustable—here's how to choose |
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Hi there. This week I want to break down one of the most important loan decisions you'll face, and why it matters more than most people realize.
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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?
One of the biggest decisions you'll make is whether to lock in a fixed rate for the life of your loan or start with an adjustable rate that changes over time. A fixed rate gives you predictability—your payment stays the same whether rates rise or fall. An adjustable rate typically starts lower, which can make early payments easier, but it can move up later. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what's happening with rates right now. I'm happy to walk you through both options and help you figure out which one aligns with your situation. Let's talk about which loan structure makes 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 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
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