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Mortgage Market Update
My Mortgage Company
Barrett Processing
Tuesday, November 3, 2026
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Fixed or variable—which is right for you |
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Hi there. When we talk about mortgages, the type of rate you choose shapes everything else about the loan.
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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 Basics
Fixed or adjustable? Here's what to consider
One of the biggest choices when taking out a mortgage is whether you want your interest rate locked in for the entire loan, or whether you're open to it changing over time. A fixed rate gives you stability and predictability—your payment stays the same for 15, 20, or 30 years, no matter what happens in the market. An adjustable rate often starts lower, but can move up (or down) after an initial period. Neither is automatically "better"—it depends on your plans, comfort with uncertainty, and how long you expect to stay in your home. If you're unsure which path makes sense for your situation, I'd love to walk you through both. Let's talk through which type fits your needs and 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
Barrett Processing
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