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Mortgage Market Update
My Mortgage Company
Test New
Tuesday, November 3, 2026
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Fixed or adjustable: which fits your plan |
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One of the choices that shapes your whole mortgage experience happens before you even lock in a rate. Let me break it down for you.
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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 makes sense for you
One of the biggest decisions in a mortgage isn't about the lender—it's about the loan structure itself. A fixed-rate mortgage locks in the same interest rate and payment for the life of the loan, giving you predictability and peace of mind. An adjustable-rate mortgage starts lower but can change over time, which might work if you plan to move or refinance before rates adjust. Neither is automatically "better." It depends on how long you're staying in the home, how comfortable you are with payment uncertainty, and where rates stand right now. The right choice is personal. I'd be happy to walk through both options and help you figure out which fits your situation. Let's talk through what makes the most sense for your timeline and comfort level.
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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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