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Mortgage Market Update
Daniel Greer
Daniel Greer
Tuesday, November 3, 2026
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Locked in or flexible—which loan type? |
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Hi there. This week I want to cover one of the fundamental choices that shapes your whole mortgage.
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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 fits your plan?
One of the biggest decisions you'll make isn't about how much to borrow—it's about *how* you want to borrow it. A fixed-rate mortgage locks in the same payment 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 might work if you're planning to sell or refinance before rates adjust. Neither is right for everyone. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in the home. I can walk you through the tradeoffs and help you figure out which structure actually makes sense for your situation. Let's talk through your options—reach out and we'll find the right fit.
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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 Daniel Greer team any time and we'll walk you through your options. |
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