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Mortgage Market Update
My Mortgage Company
Test New
Friday, November 6, 2026
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Fixed or adjustable—which one fits you |
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Every homeowner or buyer I work with faces this decision at some point. Today I want to break down the real difference and help you think it through.
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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 life
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. A fixed-rate mortgage keeps your payment the same every month—predictable, stable, easy to budget. An adjustable-rate mortgage might start lower, but the rate and payment can change after an initial period. Which makes sense depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and what the rate environment looks like right now. There's no universal right answer, but there's a right answer for you. Let's talk through what each path means for your situation. Reach out and we can walk through which option aligns with your plans.
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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
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