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Mortgage Market Update
Scott Carlin
TrueVet Mortgage
Tuesday, November 3, 2026
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Fixed rate or adjustable: what's right for you? |
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Hi there. One question can shape your whole mortgage strategy: are you better off with a rate that stays the same, or one that starts lower and adjusts later?
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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 a lower adjustable rate that changes over time. A fixed rate means predictable payments—great if you plan to stay put or want certainty in your budget. An adjustable rate can mean lower initial payments, but your rate (and payment) will move after an initial period, which works best if you're planning to sell or refinance before that adjustment hits. The right choice depends on your timeline, risk tolerance, and how long you actually plan to keep the home. If you're unsure which direction makes sense for your situation, I'd love to walk you through the trade-offs.
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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 Scott Carlin team any time and we'll walk you through your options. |
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321-364-4461 | https://truevetmortgage.com/
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