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Mortgage Market Update
Jamie Thibodeau
Jamie Thibodeau
Friday, November 6, 2026
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Fixed or adjustable—which makes sense for you? |
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One of the biggest mortgage decisions isn't about money down or credit—it's about the type of rate you choose. 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 Programs
Fixed vs. adjustable: which fits your plan?
When you're shopping for a mortgage, one of the biggest choices is whether to lock in a rate for the full life of the loan or start with a lower rate that adjusts later. A fixed-rate mortgage gives you payment certainty and peace of mind—your payment stays the same for 15, 20, or 30 years. An adjustable-rate mortgage may offer a lower starting rate, which can make sense if you plan to move or refinance before rates adjust upward. The right choice depends on how long you'll stay in the home and how comfortable you are with the possibility of a payment increase down the road. Neither is universally "better"—it's about matching the loan to your life. If you're unsure which direction makes sense for your situation, I'd love to walk through the trade-offs with you. Reach out if you'd like to talk through which option fits 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 Jamie Thibodeau team any time and we'll walk you through your options. |
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