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Mortgage Market Update
My Mortgage Company
Mutual Point Insurance
Friday, November 6, 2026
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Fixed or adjustable—which is right for you? |
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One of the biggest decisions in a mortgage isn't just the loan amount—it's the loan structure itself. Here's what you need to know.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
7.12%
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Source: Optimal Blue daily mortgage indices via FRED
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 vs. adjustable: which mortgage fits you?
Not all mortgages work the same way, and the choice between a fixed-rate and adjustable-rate loan shapes your entire borrowing experience. A fixed-rate mortgage keeps your interest rate and monthly payment steady for the life of the loan—predictability and peace of mind. An adjustable-rate mortgage may start lower, but your rate can change after an initial period, which means your payment could go up (or down). Which one makes sense depends on how long you plan to stay in your home, your comfort with payment uncertainty, and where rates are heading. The right fit is personal to your situation. If you're wondering which direction makes sense for you, I'd love to walk through the trade-offs. Let's talk about which loan structure fits your plans best.
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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
Mutual Point Insurance
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