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Mortgage Market Update
My Mortgage Company
Dallas Groves
Friday, November 6, 2026
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Fixed or adjustable: which is right for you? |
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One of the biggest decisions in a mortgage isn't always obvious at first glance. Let me break down how your loan type shapes your financial picture.
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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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Fixed vs. Adjustable
Why your loan structure matters more than you think
When you're shopping for a mortgage, the interest rate gets all the attention—but the type of loan you choose is just as important. A fixed-rate mortgage keeps your payment stable for the entire loan term, which means predictability and peace of mind. An adjustable-rate mortgage starts lower but can change over time, which appeals to some borrowers in certain situations. The right choice depends on your plans, your risk tolerance, and how long you see yourself in the home. If you're planning to stay put or want to avoid surprises, fixed is typically the safer play. If you're thinking short-term or betting on rates moving in your favor, adjustable might make sense—but it's not for everyone. I'd love to walk through the pros and cons with your specific situation in mind. Let's talk through which structure fits your goals—reach out whenever you're ready.
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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
Dallas Groves
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