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Mortgage Market Update
My Mortgage Company
Lindsay Luton
Tuesday, November 3, 2026
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Fixed or adjustable—which matters more for you? |
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When you're shopping for a mortgage, the interest rate gets all the attention. But the type of rate you choose can matter just as much to your long-term comfort.
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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 Options
Fixed vs. adjustable: which loan fits your plan?
One of the biggest decisions in borrowing comes down to this: do you want your rate and payment locked in for the life of your loan, or are you open to a rate that starts lower but adjusts over time? A fixed-rate mortgage gives you predictability and peace of mind—your payment never changes. An adjustable-rate mortgage may offer a lower starting rate, which can make sense if you plan to sell or refinance within a few years. The right choice depends on your timeline, risk comfort, and how long you see yourself in the home. Neither is right or wrong; it's about what aligns with your situation. If you're weighing these options and want to talk through the pros and cons for your specific plan, I'm here to walk you through it. Let's discuss which structure makes the most sense for where you are right now.
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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
Lindsay Luton
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