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Mortgage Market Update
My Mortgage Company
Robin Conley
Tuesday, November 3, 2026
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Fixed or adjustable: the real tradeoff |
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One of the most important decisions in a mortgage is the rate structure itself. Let me break down what each option actually means for you.
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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 works for you
When you're shopping for a mortgage, one of the biggest choices is whether to lock in a rate for the full loan term or accept a rate that can change over time. A fixed-rate mortgage keeps your payment steady no matter what happens to the market—that predictability is powerful for budgeting. An adjustable-rate mortgage typically starts lower, which can mean a smaller payment early on, but it carries the risk that your payment will rise later. The right choice depends on how long you plan to stay in the home, your comfort with payment changes, and what the lending environment looks like right now. There's no universal "better" option—it's about what matches your situation and peace of mind. If you'd like to walk through how each option might look for your loan, let's talk.
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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
Robin Conley
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