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Mortgage Market Update
My Mortgage Company
Jesse Griffith
Friday, November 6, 2026
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Fixed rate or adjustable—here's what matters |
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One of the most important decisions in any mortgage is the structure of your loan itself. Let me break down the two main paths so you can choose with confidence.
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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 or adjustable: which fits your plan?
When you're shopping for a mortgage or thinking about refinancing, one of the biggest choices is whether to lock in a fixed rate for the life of your loan or go with an adjustable rate that can change over time. Fixed-rate loans give you stability—your payment stays the same from day one through payoff. Adjustable-rate mortgages often start lower but can move as market conditions change, which means your payment could go up or down. The right choice depends on how long you plan to own the home, your comfort with payment uncertainty, and what the rate environment looks like right now. I'd love to walk you through what each option means for your situation. Get in touch, and let's talk through which program makes sense for your goals and timeline.
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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
Jesse Griffith
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