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Mortgage Market Update
My Mortgage Company
Jay White
Tuesday, November 3, 2026
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Fixed or adjustable: which fits your plan? |
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Hi there. Every loan structure has tradeoffs, and knowing which one aligns with your goals makes all the difference.
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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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Fixed vs. Adjustable
Why your loan structure matters more than most people realize
One of the biggest decisions you'll make isn't just how much to borrow—it's what kind of loan to choose. A fixed-rate mortgage keeps your payment the same for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage starts lower but can change over time, which appeals to some borrowers in certain situations. Neither is universally 'right'—it depends on your timeline, risk tolerance, and plans for the home. If you're planning to stay put for years, fixed-rate stability often wins. If you're thinking shorter-term or want to start with lower initial payments, an ARM might deserve a conversation. The key is understanding what you're actually signing up for, not just the first number you see. If you're weighing your options, I'd be happy to walk through what 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 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
Jay White
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