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Mortgage Market Update
Lisandro Sky
Lisandro Sky
Tuesday, November 3, 2026
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Fixed or adjustable—what's the difference? |
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Hi there. This week I want to cover one of the most important mortgage decisions—and one borrowers don't always ask enough questions about.
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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 Structure
Fixed vs. adjustable: which fits your plan?
One of the biggest choices in a mortgage isn't talked about enough: whether your rate stays the same for the life of the loan, or moves with the market after an initial period. A fixed-rate mortgage gives you predictability—your payment never changes. An adjustable-rate mortgage may start lower, but can move up (or down) later. The right choice depends on how long you plan to stay in the home and how comfortable you are with payment uncertainty. Neither is wrong; it's about matching the loan to your actual situation. I'd love to walk through what makes sense for you. Let's talk through which structure fits your timeline and comfort level.
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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 Lisandro Sky team any time and we'll walk you through your options. |
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