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Mortgage Market Update
My Mortgage Company
Rowley RV - PHX
Tuesday, November 3, 2026
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Fixed or adjustable—what's right for you |
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One of the biggest decisions you'll make as a borrower is the structure of your loan itself. Let's talk about the choice between fixed and adjustable rates, and how to think it through.
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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 Options
Fixed vs. adjustable: which fits your plan?
One of the biggest decisions you'll make as a borrower is whether to lock in a fixed interest rate for the life of your loan, or start with a lower adjustable rate that can change over time. There's no universal right answer—it depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what your financial picture looks like. Fixed-rate loans give you predictability and peace of mind. Adjustable-rate loans can mean lower initial payments, but require you to think ahead about the risks. The best choice is the one that matches your goals and comfort level. If you'd like to talk through which structure makes sense for your situation, I'm here to walk you through the tradeoffs.
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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
Rowley RV - PHX
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