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Mortgage Market Update
My Mortgage Company
Frank Bronner
Tuesday, November 3, 2026
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Fixed or adjustable—which makes sense for you? |
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Every mortgage isn't built the same way. The type of rate you choose will shape your entire borrowing experience.
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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 Options
Fixed vs. adjustable: which rate type fits your plan?
When you're shopping for a mortgage, one of the first choices you'll face is whether to lock in a fixed rate for the full loan term or go with an adjustable rate that starts lower but can change over time. Fixed rates give you payment predictability and peace of mind—your rate and payment stay the same for 15, 30 years, or however long your loan lasts. Adjustable rates typically start lower, which can make monthly payments more affordable early on, but they'll shift as market conditions change. The right choice depends on how long you plan to stay in your home, your comfort level with payment uncertainty, and what the current rate environment looks like. I'm happy to walk through both options with you and help you figure out which structure makes sense for your situation. Let's talk through what works best for your timeline and budget.
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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
Frank Bronner
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