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Mortgage Market Update
John Kunkel
John Kunkel
Tuesday, November 3, 2026
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Fixed vs. adjustable: which fits your plan? |
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Every borrower's situation is different, and the loan program you choose should reflect that. This week, I want to help you think through one of the biggest decisions on your mortgage application.
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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 or adjustable: what actually matters
One of the first choices you'll make 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. There's no universal right answer—it depends on your timeline, risk tolerance, and how long you plan to stay in the home. A fixed rate gives you predictability and peace of mind. An adjustable rate can mean a lower initial payment, which might let you afford more home or build equity faster—but only if rate increases won't strain your budget later. The right choice isn't about guessing where rates are headed. It's about understanding what works for your life and your wallet. Let's talk through your situation and find the fit that makes sense for you. Reach out and we can walk through both options together.
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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 John Kunkel team any time and we'll walk you through your options. |
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