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Mortgage Market Update
My Mortgage Company
Lazaro Toledo
Tuesday, November 3, 2026
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Fixed or adjustable: which fits your plan? |
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Hi there. One question comes up again and again when borrowers are deciding on a loan: should I choose a fixed rate or an adjustable 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 Programs
Fixed vs. adjustable: which makes sense for you?
When you're shopping for a mortgage, one of the biggest decisions is whether to lock in a fixed rate for the life of your loan or go with an adjustable rate that starts lower but changes over time. A fixed rate gives you predictability—your payment stays the same month after month, which makes budgeting easier and protects you if rates climb. An adjustable rate can mean lower payments at first, but it carries risk; when the rate adjusts, your payment can go up significantly. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and where rates are in their cycle. I'd love to walk through both options with you and help you understand which one aligns with your situation. Give me a call or send me a message—I can explain how each program would work for your specific goals.
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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
Lazaro Toledo
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