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Mortgage Market Update
Swift Mortgage
Swift Mortgage
Tuesday, November 3, 2026
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Fixed or adjustable — what's better for you |
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There's more than one way to structure a mortgage, and the choice you make upfront can shape your finances for years. Here's what you should know.
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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 fits your timeline
One of the biggest decisions in a mortgage is whether to lock in a fixed rate for the life of the loan or go with an adjustable rate that starts lower but can change over time. Fixed-rate mortgages give you predictability — your payment stays the same for 15, 20, or 30 years, which makes budgeting easier and protects you if rates climb. Adjustable-rate mortgages can mean lower initial payments, but they work best if you plan to sell or refinance before the rate adjusts. The right choice depends on how long you plan to stay in your home and how comfortable you are with payment changes down the road. Let's talk through your timeline and what makes sense for your situation. 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 Swift Mortgage team any time and we'll walk you through your options. |
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