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Mortgage Market Update
Lisandro Sky
Lisandro Sky
Friday, November 6, 2026
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Fixed or adjustable: what works for you |
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Hi there. One of the most important choices in getting a mortgage is deciding between a fixed rate and an adjustable one. Let me break down what each 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 fits your life
When you're comparing mortgages, one of the biggest decisions is whether to lock in a fixed rate for the life of your loan or choose an adjustable rate that starts lower but can change over time. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in the home. If you're building your forever home and want payment predictability, fixed is usually the move. But if you're planning to sell or refinance within a few years, an adjustable option might make sense. There's no universal "right" answer—it comes down to your personal situation. I'd be happy to walk through the pros and cons of each so you can feel confident in whichever direction fits your goals. Let's talk through your options when you have a few minutes.
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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 Lisandro Sky team any time and we'll walk you through your options. |
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