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Mortgage Market Update
My Mortgage Company
Dawn Palestini
Friday, November 6, 2026
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Fixed or adjustable—how to choose |
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Choosing a mortgage isn't just about finding money for a down payment. It's about picking a loan structure that actually fits your life.
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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 one fits your plan?
One of the biggest choices you'll make as a borrower is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate. There's no universally right answer—it depends on how long you plan to stay in your home, how comfortable you are with the possibility of payment changes, and what your budget can handle. Fixed-rate loans give you predictability and peace of mind. Adjustable-rate loans may offer a lower starting rate if you're planning to move or refinance in a few years. I've seen both work beautifully for different families. The key is understanding your own timeline and comfort level before you decide. I'd love to walk you through the pros and cons for your specific situation. Let's talk about which loan structure makes sense for where you're headed.
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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
Dawn Palestini
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