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Mortgage Market Update
Colt Lending Powered by Edge Home Finance
Colt Lending Powered by Edge Home Finance
Tuesday, November 3, 2026
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Fixed or adjustable — what's the difference? |
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Every loan has a structure behind it. Understanding the basics helps you make a choice you'll feel good 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 Program Guide
Fixed vs. adjustable: which fits your plan?
One of the biggest decisions you'll make on your loan isn't about the rate itself — it's about what kind of rate you want. A fixed-rate mortgage keeps the same payment for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage starts lower but can change over time, which can work well if you plan to move or refinance before rates adjust. The right choice depends on your timeline, your comfort with uncertainty, and how long you actually plan to stay in your home. There's no universal answer, which is why it's worth talking through your specific situation before you commit.
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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 Colt Lending Powered by Edge Home Finance team any time and we'll walk you through your options. |
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112 Queen Anne Dr, Leander, TX 78641
(682) 270-9245 | https://coltlending.com/
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