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Mortgage Market Update
Alessandro Rivera
Alessandro Rivera
Tuesday, November 3, 2026
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Fixed or adjustable: which fits your situation |
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Every mortgage comes down to a few core decisions. This week, let's break down one of the most important.
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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 Basics
What fixed vs. adjustable really means for you
One of the biggest decisions in a mortgage is whether you want a fixed rate—one that stays the same for the life of your loan—or an adjustable rate that changes over time. A fixed rate gives you predictability; your payment never changes, which makes budgeting easier. An adjustable rate typically starts lower, which can mean a smaller payment early on, but it can increase later depending on market conditions. Neither is right for everyone. The choice depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and what's happening with rates when you're shopping. I'd love to walk you through how each works in your specific situation. Let's talk through which option 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 Alessandro Rivera team any time and we'll walk you through your options. |
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