Mortgage Market Update

My Mortgage Company

Jay White

Tuesday, November 3, 2026

Fixed or adjustable — which one fits you?

I get asked this question a lot: Did I pick the right kind of loan? Here's what I tell people.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Fixed vs. Adjustable

Why your loan structure matters more than rate timing

When rates move, a lot of borrowers wonder if they picked the wrong loan type. The truth is simpler: fixed and adjustable loans serve different goals, and the right choice depends on your situation, not on predicting where rates will go.

A fixed rate locks in your payment for the life of the loan — predictable, stable, and honest. An adjustable rate starts lower but changes over time, which works if you're planning to sell or refinance before the adjustment period kicks in. Neither is "better." One just fits your timeline and comfort level better. If you've ever questioned whether you chose right, or you're wondering which makes sense for a new loan, let's walk through it together.

Reach out and we can talk through which structure fits your plan.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Jay White

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