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Mortgage Market Update
Beau Benjamin
Beau Benjamin
Friday, November 6, 2026
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Fixed or ARM: which one's right for you? |
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Every mortgage has a structure behind it—and understanding that structure helps you make a smarter choice. This week, let's look at the two main paths.
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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 loan fits your plan?
When you're shopping for a mortgage or refinancing, one of the biggest choices is whether to lock in a fixed rate for the full term or start with an adjustable rate. A fixed-rate loan gives you payment stability and predictability—your principal and interest stay the same for 15, 20, or 30 years. An adjustable-rate mortgage typically starts lower but can change over time, which might work if you plan to move or refinance before rates adjust. The right choice depends on how long you'll keep the home, your comfort with payment changes, and where rates are today. I'm happy to walk through both options and show you what each looks like for your situation. Let's talk through which loan type makes sense for your goals.
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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 Beau Benjamin team any time and we'll walk you through your options. |
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