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Mortgage Market Update
My Mortgage Company
Hudson Property Solutions Powered By Highland Mortgage
Tuesday, November 3, 2026
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Fixed or adjustable—which fits your home plan? |
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There's more to choosing a mortgage than just the rate. The kind of loan you pick shapes how your payment works and how much certainty you have along the way.
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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 Guide
Fixed vs. adjustable: which loan fits your plan
When you're shopping for a mortgage, you'll hear a lot about loan types—and it matters because the structure of your loan shapes your payments and your peace of mind for years to come. A fixed-rate loan keeps the same interest rate and payment for the life of the loan, which makes budgeting predictable. An adjustable-rate loan starts with a lower initial rate that can change after a set period, which can mean lower payments upfront but less certainty down the road. Neither is universally "better"—it depends on how long you plan to stay in your home, how much payment stability matters to you, and what the rate environment looks like. I'd love to walk you through how each works and which might align with your situation. Let's talk through which loan structure makes sense for your goals.
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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
Hudson Property Solutions Powered By Highland Mortgage
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