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Mortgage Market Update
KATY BETCHER
Katy Betcher
Tuesday, November 3, 2026
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Fixed or adjustable: what's the real difference? |
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One of the biggest choices you'll make is whether to lock in a fixed rate for the life of your loan or start with an adjustable rate that can change over time.
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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 plan?
One of the biggest choices you'll make is whether to lock in a fixed rate for the life of your loan or start with an adjustable rate that can change over time. A fixed rate gives you predictability—your payment stays the same month after month, which makes budgeting straightforward. An adjustable rate typically starts lower, which can mean a smaller initial payment, but it can rise later. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what the rate environment looks like right now. Neither is universally better; it's about what aligns with your situation and peace of mind. Let's talk through which option makes sense for your goals.
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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 KATY BETCHER team any time and we'll walk you through your options. |
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