Mortgage Market Update

My Mortgage Company

Jed Nielsen

Friday, November 6, 2026

Fixed or adjustable—which is right for you?

Hi there. This week I want to help you think through one of the most important choices in getting a mortgage.

National Mortgage Rates · November 5, 2026

Conventional 30-Year

7.18%

FHA 30-Year

6.90%

VA 30-Year

6.76%

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.

Loan Programs

Fixed vs. adjustable: which fits your plan?

When you're shopping for a mortgage, one of the biggest decisions is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate that changes over time. A fixed rate gives you predictability and peace of mind—your payment stays the same for 15, 20, or 30 years, no matter what happens in the market. An adjustable rate typically starts lower, which can mean a smaller payment early on, but it will shift after an initial period. The right choice depends on your situation: how long you plan to stay in the home, your comfort with payment changes, and what your budget can handle. Let's talk through what makes sense for you.

I'd be happy to walk you through both options so you can feel confident in your decision.

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.

Tips for Homeowners

Protecting Yourself from Mortgage Scams

1.	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.

2.	Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Jed Nielsen

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