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Mortgage Market Update
Tanner Floyd
Tanner Floyd
Tuesday, November 3, 2026
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Fixed or adjustable—which fits you? |
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Hi there. This week I want to walk you through one of the most important choices in the mortgage process: the type of loan structure that's right for you.
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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
Not all mortgages work the same way
One of the biggest decisions you'll make is picking between a fixed-rate loan (where your payment stays the same for the life of the loan) and an adjustable-rate option (where your rate can change after an initial period). Each has a different feel and fits different situations. Fixed-rate mortgages give you predictability and peace of mind. Adjustable-rate programs may offer lower starting rates, but they carry the possibility of payment changes down the road. There's no universally "right" choice—it depends on how long you plan to stay in your home, your comfort with risk, and what your budget can handle. Understanding these differences is key to finding the structure that actually works for your life, not just on paper. Let's talk through which loan type makes sense for your situation.
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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 Tanner Floyd team any time and we'll walk you through your options. |
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