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Mortgage Market Update
My Mortgage Company
Randy Nederman
Tuesday, November 3, 2026
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Fixed or adjustable — which fits you? |
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There's more to choosing a mortgage than picking a lender. Understanding the different loan types available helps you make a decision that actually works for your life.
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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 Fit
Fixed or adjustable: which loan type fits your plan?
One of the biggest decisions in getting a mortgage isn't about rates or lenders — it's about the structure of the loan itself. A fixed-rate mortgage keeps your payment steady for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage may start lower but can change over time, which works well if you plan to move or refinance before rates adjust. Neither is inherently right or wrong; it depends on your timeline, risk comfort, and financial goals. The key is understanding how each one behaves so you can choose with confidence, not confusion. Let's talk through which structure makes the most sense for where you're headed.
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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
Randy Nederman
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