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Mortgage Market Update
Tyler Cuzzort
Tyler Cuzzort
Friday, November 6, 2026
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Fixed rate or ARM—which one makes sense for you? |
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Hi there. This week I want to cover something that comes up early in almost every mortgage conversation: the choice between a fixed-rate loan and an adjustable one.
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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 Program Basics
Fixed or adjustable: which loan fits your life?
When you're shopping for a mortgage, one of the first choices you'll face is whether to go with a fixed-rate loan (where your rate stays the same for the life of the loan) or an adjustable-rate mortgage, or ARM (where your rate can change after an initial period). Fixed rates give you predictability and peace of mind—your payment never changes. ARMs often start lower, which can mean a smaller payment early on, but they carry the risk that your rate will adjust upward later. Neither is automatically "better." It depends on how long you plan to stay in the home, how comfortable you are with payment uncertainty, and what makes sense for your budget. I'm happy to walk you through both options and help you understand which aligns with your situation. If you'd like to talk through which loan type might work best for you, reach out anytime.
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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 Tyler Cuzzort team any time and we'll walk you through your options. |
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