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Mortgage Market Update
My Mortgage Company
David S Epstein
Friday, November 6, 2026
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Fixed or adjustable—what's right for you? |
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Every loan type serves a different borrower. This week we're breaking down one of the most important structural choices you'll face.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
7.18%
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Source: Optimal Blue daily mortgage indices via FRED · 30-yr: Freddie Mac weekly survey
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 loan fits your plan?
One of the biggest decisions you'll make isn't about rates—it's about what kind of loan structure matches your life. A fixed-rate mortgage keeps the same payment for the entire loan term, which means predictability and peace of mind. An adjustable-rate mortgage typically starts lower but can change over time, which works well if you plan to sell or refinance before rates adjust. There's no universally "right" choice; it depends on how long you're staying in your home, your comfort with uncertainty, and what makes sense for your budget. I'd like to walk you through both options with your specific situation in mind. Let's talk about which structure aligns best with your goals.
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Tip of the Week
Closing costs typically run 2-5% of the loan amount. Ask your lender for a Loan Estimate so there are no surprises.
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Tips for Homeowners
Protecting Yourself from Mortgage Scams
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1.
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Wire fraud is one of the fastest-growing real estate scams. Never wire closing funds based solely on email instructions — always verify account numbers by calling your title company at a number you look up yourself.
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2.
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Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.
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3.
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Be wary of unsolicited offers to refinance or cash out equity at terms that sound unusually favorable. If someone contacts you out of the blue, verify their NMLS license number at nmlsconsumeraccess.org.
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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
David S Epstein
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