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Mortgage Market Update
My Mortgage Company
Robin Conley
Friday, November 6, 2026
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Fixed or adjustable: the real tradeoff |
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One of the most important decisions in a mortgage is the rate structure itself. Let me break down what each option actually means for you.
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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 works for you
When you're shopping for a mortgage, one of the biggest choices is whether to lock in a rate for the full loan term or accept a rate that can change over time. A fixed-rate mortgage keeps your payment steady no matter what happens to the market—that predictability is powerful for budgeting. An adjustable-rate mortgage typically starts lower, which can mean a smaller payment early on, but it carries the risk that your payment will rise later. The right choice depends on how long you plan to stay in the home, your comfort with payment changes, and what the lending environment looks like right now. There's no universal "better" option—it's about what matches your situation and peace of mind. If you'd like to walk through how each option might look for your loan, let's talk.
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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
Robin Conley
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