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Mortgage Market Update
My Mortgage Company
Jesse Griffith
Tuesday, November 3, 2026
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Fixed rate or adjustable—here's what matters |
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One of the most important decisions in any mortgage is the structure of your loan itself. Let me break down the two main paths so you can choose with confidence.
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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 or adjustable: which fits your plan?
When you're shopping for a mortgage or thinking about refinancing, one of the biggest choices is whether to lock in a fixed rate for the life of your loan or go with an adjustable rate that can change over time. Fixed-rate loans give you stability—your payment stays the same from day one through payoff. Adjustable-rate mortgages often start lower but can move as market conditions change, which means your payment could go up or down. The right choice depends on how long you plan to own the home, your comfort with payment uncertainty, and what the rate environment looks like right now. I'd love to walk you through what each option means for your situation. Get in touch, and let's talk through which program makes sense for your goals and timeline.
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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
Jesse Griffith
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