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Mortgage Market Update
My Mortgage Company
Ford Mortgage
Tuesday, November 3, 2026
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Fixed or ARM—which one suits you? |
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One of the most important decisions in a mortgage isn't always top of mind. Here's what you need to know about choosing between fixed and adjustable loans.
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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? Picking the right mortgage type
When you're shopping for a mortgage or thinking about refinancing, one of the biggest choices is your loan structure. A fixed-rate mortgage keeps the same interest rate and payment for the life of the loan — predictable and stable. An adjustable-rate mortgage starts lower but can change after an initial period, which means your payment might go up down the road. Neither is right for everyone. It depends on how long you plan to stay in the home, how comfortable you are with payment uncertainty, and where rates are headed. I help borrowers think through this choice based on their actual situation, not just the lowest teaser rate. If you're curious which structure makes sense for your goals, let's talk it through. Reach out if you'd like to explore what loan type fits your plans.
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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
Ford Mortgage
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