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Mortgage Market Update
Beau Benjamin
Beau Benjamin
Tuesday, November 3, 2026
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Fixed or ARM: which one's right for you? |
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Every mortgage has a structure behind it—and understanding that structure helps you make a smarter choice. This week, let's look at the two main paths.
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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 or adjustable: which loan fits your plan?
When you're shopping for a mortgage or refinancing, one of the biggest choices is whether to lock in a fixed rate for the full term or start with an adjustable rate. A fixed-rate loan gives you payment stability and predictability—your principal and interest stay the same for 15, 20, or 30 years. An adjustable-rate mortgage typically starts lower but can change over time, which might work if you plan to move or refinance before rates adjust. The right choice depends on how long you'll keep the home, your comfort with payment changes, and where rates are today. I'm happy to walk through both options and show you what each looks like for your situation. Let's talk through which loan type 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 Beau Benjamin team any time and we'll walk you through your options. |
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