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THIS WEEK
Fixed or adjustable—which fits your timeline
Hi there,
One question I hear often is which type of mortgage makes the most sense. Let me break down the difference and what it means for you.
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RATE SNAPSHOT · November 2, 2026
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CONVENTIONAL 30-YR
7.13%
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FHA 30-YR
6.96%
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VA 30-YR
6.76%
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Source: Optimal Blue daily mortgage indices via FRED · Informational only
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Loan Program Guide
Fixed vs. adjustable: which works for your plan
When you're mortgage shopping, one of the biggest choices isn't about the lender—it's about the loan itself. A fixed-rate mortgage keeps the same rate and payment for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage typically starts lower but can change over time, which might appeal to you if you're planning to sell or refinance before rates adjust. Neither is "better"—it depends on how long you plan to stay in your home and how comfortable you are with payment changes down the road. The right choice is personal, and it's worth talking through your timeline and comfort level before you decide. Let's discuss which loan structure makes sense for your situation.
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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 Brad Flores team any time and we'll walk you through your options.
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