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Mortgage Market Update
Blake Shawn
Blake Shawn
Friday, November 6, 2026
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Fixed or adjustable—which one fits you? |
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There are more loan options out there than most people realize. Picking the right one is one of the smartest moves you can make.
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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 Programs
Fixed vs. adjustable: which fits your plan?
When you're looking at mortgages, one of the biggest choices you'll make is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate that can change over time. Fixed-rate mortgages give you predictability—your payment stays the same month after month, which makes budgeting straightforward. Adjustable-rate mortgages often start lower, which can be smart if you're planning to sell or refinance in a few years. The right choice depends on your timeline, how comfortable you are with payment changes, and where rates are headed. I'm happy to walk you through both options and help you figure out which one matches your situation and goals. Let's talk through which mortgage structure makes sense for you.
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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 Blake Shawn team any time and we'll walk you through your options. |
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