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Mortgage Market Update
Jessica Glaeser
Tuesday, November 3, 2026
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Fixed or adjustable — which fits you better |
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One of the most important choices in a mortgage isn't about money—it's about peace of mind. Let me break down the two main paths and help you pick the right one.
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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 one fits your life
When you're shopping for a mortgage, one of the biggest decisions is whether to go fixed-rate or adjustable-rate. A fixed rate means your payment stays the same for the life of the loan — predictable and stable. An adjustable rate typically starts lower, but can change after an initial period, which means your payment could go up (or down) later on. Neither is automatically right or wrong. It depends on how long you plan to stay in the home, your comfort with payment uncertainty, and your financial situation. If you're settling in for the long haul, fixed often wins. If you might move in a few years, an adjustable could work. Let's talk through what makes sense for your specific plans and goals. I'd be happy to walk you through the pros and cons of each option 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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