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Mortgage Market Update
Angela Maw
Angela Maw
Tuesday, November 3, 2026
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Fixed rate or adjustable—which works for you? |
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One of the most important decisions in a mortgage isn't always top-of-mind. But choosing between a fixed and adjustable rate shapes your entire borrowing experience.
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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 or adjustable: which fits your plan?
When you're looking at loan options, one of the biggest choices is whether to lock in a fixed rate for the life of your loan or start with an adjustable rate. A fixed rate gives you predictability—your payment stays the same, no matter what happens in the market. An adjustable rate typically starts lower, which can mean a smaller payment early on, but it can change over time. The right choice depends on how long you plan to stay in your home, your comfort with payment changes, and what your financial picture looks like. I'm here to walk through both options and help you understand which aligns with your situation and goals. 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 Angela Maw team any time and we'll walk you through your options. |
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