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Mortgage Market Update
My Mortgage Company
Test New
Friday, November 6, 2026
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Fixed or adjustable: which fits your plan |
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One of the choices that shapes your whole mortgage experience happens before you even lock in a rate. Let me break it down for you.
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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 makes sense for you
One of the biggest decisions in a mortgage isn't about the lender—it's about the loan structure itself. A fixed-rate mortgage locks in the same interest rate and payment for the life of the loan, giving you predictability and peace of mind. An adjustable-rate mortgage starts lower but can change over time, which might work if you plan to move or refinance before rates adjust. Neither is automatically "better." It depends on how long you're staying in the home, how comfortable you are with payment uncertainty, and where rates stand right now. The right choice is personal. I'd be happy to walk through both options and help you figure out which fits your situation. Let's talk through what makes the most sense for your timeline and comfort level.
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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
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