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Mortgage Market Update
Daniel Greer
Daniel Greer
Tuesday, November 3, 2026
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Fixed rate or adjustable—which is right? |
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Hi there. I want to help you think clearly about one of the most important decisions when securing a mortgage—the type of loan that fits your life.
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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?
When you're comparing loan options, one of the biggest choices is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate that can change over time. A fixed rate gives you predictability—your payment stays the same for 15, 20, or 30 years, which makes budgeting easier and protects you if rates climb. An adjustable rate typically starts lower, which can mean a smaller initial payment, but it carries the risk that your payment will rise when the rate adjusts. The right choice depends on how long you plan to stay in the home, your comfort with payment changes, and what the rate environment looks like. I'd love to walk you through both options and help you figure out which aligns with your situation. Give me a call or send me a note—let's talk through which loan structure makes sense for you.
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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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