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Mortgage Market Update
My Mortgage Company
Chad Burckhard
Tuesday, November 3, 2026
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Fixed or adjustable—which fits your future? |
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When you're shopping for a mortgage, the rate structure matters as much as the number itself. Here's what you should know.
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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 your timeline?
One of the first choices in any mortgage 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. Fixed-rate mortgages give you payment certainty and peace of mind—your rate and payment never change. Adjustable-rate mortgages can offer a lower starting rate, which appeals to buyers who plan to sell or refinance within a few years. But if you're staying long-term, that initial savings can evaporate when rates adjust upward. The right choice depends on your timeline, risk tolerance, and how long you plan to own the home. I'm happy to walk through the trade-offs and show you what each option might look like for your situation. Let's talk through which structure makes sense for your plans.
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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
Chad Burckhard
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