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Mortgage Market Update
My Mortgage Company
Dallas Groves
Tuesday, November 3, 2026
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Fixed or adjustable: which is right for you? |
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One of the biggest decisions in a mortgage isn't always obvious at first glance. Let me break down how your loan type shapes your financial picture.
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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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Fixed vs. Adjustable
Why your loan structure matters more than you think
When you're shopping for a mortgage, the interest rate gets all the attention—but the type of loan you choose is just as important. A fixed-rate mortgage keeps your payment stable for the entire loan term, which means predictability and peace of mind. An adjustable-rate mortgage starts lower but can change over time, which appeals to some borrowers in certain situations. The right choice depends on your plans, your risk tolerance, and how long you see yourself in the home. If you're planning to stay put or want to avoid surprises, fixed is typically the safer play. If you're thinking short-term or betting on rates moving in your favor, adjustable might make sense—but it's not for everyone. I'd love to walk through the pros and cons with your specific situation in mind. Let's talk through which structure fits your goals—reach out whenever you're ready.
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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
Dallas Groves
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