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THIS WEEK
Fixed or adjustable—which fits your timeline
Hi there,
One question I hear often is which type of mortgage makes the most sense. Let me break down the difference and what it means for you.
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RATE SNAPSHOT · November 4, 2026
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CONVENTIONAL 30-YR
7.12%
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FHA 30-YR
6.90%
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VA 30-YR
6.76%
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Source: Optimal Blue daily mortgage indices via FRED · Informational only
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Loan Program Guide
Fixed vs. adjustable: which works for your plan
When you're mortgage shopping, one of the biggest choices isn't about the lender—it's about the loan itself. A fixed-rate mortgage keeps the same rate and payment for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage typically starts lower but can change over time, which might appeal to you if you're planning to sell or refinance before rates adjust. Neither is "better"—it depends on how long you plan to stay in your home and how comfortable you are with payment changes down the road. The right choice is personal, and it's worth talking through your timeline and comfort level before you decide. Let's discuss which loan structure makes sense for your situation.
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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 Brad Flores team any time and we'll walk you through your options.
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