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Mortgage Market Update
My Mortgage Company
Dawn Palestini
Tuesday, November 3, 2026
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Fixed or adjustable—how to choose |
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Choosing a mortgage isn't just about finding money for a down payment. It's about picking a loan structure that actually fits 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 Programs
Fixed vs. adjustable: which one fits your plan?
One of the biggest choices you'll make as a borrower is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate. There's no universally right answer—it depends on how long you plan to stay in your home, how comfortable you are with the possibility of payment changes, and what your budget can handle. Fixed-rate loans give you predictability and peace of mind. Adjustable-rate loans may offer a lower starting rate if you're planning to move or refinance in a few years. I've seen both work beautifully for different families. The key is understanding your own timeline and comfort level before you decide. I'd love to walk you through the pros and cons for your specific situation. Let's talk about which loan structure makes 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
Dawn Palestini
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