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Mortgage Market Update
My Mortgage Company
Michael DeVincentis
Tuesday, November 3, 2026
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Fixed or adjustable: what's right for you? |
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One of the biggest choices in getting a mortgage often gets overlooked. Here's what you should know about the two main loan types.
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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 Comparison
Fixed vs. adjustable: which loan fits your plan?
When you're shopping for a mortgage, one of the biggest decisions is whether to lock in a fixed rate for the life of your loan or go with an adjustable rate that starts lower but can change over time. A fixed-rate loan gives you predictability—your payment stays the same month after month, year after year, which makes budgeting straightforward. An adjustable-rate loan typically begins with a lower initial rate, which can mean lower payments early on, but the rate adjusts periodically, and so does your payment. The right choice depends on how long you plan to stay in the home, your comfort with payment uncertainty, and where rates are headed. Neither is "better"—it's about what matches your situation and peace of mind. Let's talk through which loan structure makes the most sense for your goals and timeline.
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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
Michael DeVincentis
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