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Mortgage Market Update
Jessica Glaeser
Tuesday, November 3, 2026
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Fixed or adjustable—what's the real difference? |
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Hi there. Every mortgage comes in more than one flavor, and picking the right one matters more than most people realize.
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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 Fit
Fixed vs. adjustable: which loan type fits your life?
One of the most important choices you'll make isn't just about today's payment—it's about how comfortable you'll be five or ten years from now. A fixed-rate mortgage locks in the same payment for the entire loan term, giving you predictability and peace of mind. An adjustable-rate mortgage typically starts lower but can change after an initial period, which works well if you plan to move or refinance before rates adjust. Neither is universally "better"—it depends on your timeline, risk tolerance, and how long you see yourself in the home. The right choice is the one you'll feel good about, not just today but for years to come. Let's talk about which structure makes sense for your situation.
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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 Jessica Glaeser team any time and we'll walk you through your options. |
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