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Mortgage Market Update
Jacquie Saldana
Jacquie Saldana
Tuesday, November 3, 2026
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Which mortgage type fits your timeline? |
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Hi there. This week I'm breaking down one of the most important—and most overlooked—choices you'll make as a borrower.
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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 decisions when you get a mortgage isn't about the lender—it's about the loan type itself. A fixed-rate mortgage keeps your payment the same for the entire loan term, which means predictability and peace of mind. An adjustable-rate mortgage typically starts lower but can change over time, which works well if you plan to move or refinance before the rate adjusts. Neither is universally "better"—it depends on your timeline, comfort with uncertainty, and how long you plan to stay in the home. Understanding the trade-offs helps you pick the option that actually matches your life, not just this month's numbers. Let's talk through which approach makes sense for your situation.
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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 Jacquie Saldana team any time and we'll walk you through your options. |
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