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Mortgage Market Update
Scott Webster
Webster Mortgage Group Powered by Barrett Financial
Friday, November 6, 2026
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Fixed or adjustable—which is right for you? |
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One of the most important mortgage decisions isn't always top of mind. Here's what borrowers should know about choosing between fixed and adjustable rates.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
7.18% 30-day Range: 7.18%–7.40%
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Conventional 15-Year
6.57% 30-day Range: 6.57%–6.73%
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FHA 30-Year
6.90% 30-day Range: 6.90%–7.21%
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VA 30-Year
6.76% 30-day Range: 6.76%–7.13%
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Source: Optimal Blue daily mortgage indices via FRED · 30-yr and 15-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 one fits your situation
When you're shopping for a mortgage, one of the bigger decisions is whether to lock in a fixed rate for the life of the loan or start with a lower adjustable rate. There's no universally "right" answer—it depends on how long you plan to stay in the home, your comfort with payment uncertainty, and where rates are headed. A fixed rate gives you predictability and peace of mind; an adjustable rate might offer initial savings if you're planning to move or refinance down the road. I help borrowers think through both sides so they pick the option that actually matches their timeline and goals, not just the lowest starting number.
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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 Scott Webster team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150, Chandler, AZ 85286
NMLS# 1517404 · Company NMLS# 181106
(480) 343-8081 | webstermtggroup.com
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