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Mortgage Market Update
Tyler Cuzzort
Tyler Cuzzort
Tuesday, November 3, 2026
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Fixed rate or ARM—which one makes sense for you? |
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Hi there. This week I want to cover something that comes up early in almost every mortgage conversation: the choice between a fixed-rate loan and an adjustable one.
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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 Basics
Fixed or adjustable: which loan fits your life?
When you're shopping for a mortgage, one of the first choices you'll face is whether to go with a fixed-rate loan (where your rate stays the same for the life of the loan) or an adjustable-rate mortgage, or ARM (where your rate can change after an initial period). Fixed rates give you predictability and peace of mind—your payment never changes. ARMs often start lower, which can mean a smaller payment early on, but they carry the risk that your rate will adjust upward later. Neither is automatically "better." It depends on how long you plan to stay in the home, how comfortable you are with payment uncertainty, and what makes sense for your budget. I'm happy to walk you through both options and help you understand which aligns with your situation. If you'd like to talk through which loan type might work best for you, reach out anytime.
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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 Tyler Cuzzort team any time and we'll walk you through your options. |
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