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Mortgage Market Update
Scott Carlin
TrueVet Mortgage
Friday, November 6, 2026
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Fixed rate or adjustable: what's right for you? |
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Hi there. One question can shape your whole mortgage strategy: are you better off with a rate that stays the same, or one that starts lower and adjusts later?
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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?
One of the biggest choices you'll make is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate that changes over time. A fixed rate means predictable payments—great if you plan to stay put or want certainty in your budget. An adjustable rate can mean lower initial payments, but your rate (and payment) will move after an initial period, which works best if you're planning to sell or refinance before that adjustment hits. The right choice depends on your timeline, risk tolerance, and how long you actually plan to keep the home. If you're unsure which direction makes sense for your situation, I'd love to walk you through the trade-offs.
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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 Scott Carlin team any time and we'll walk you through your options. |
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321-364-4461 | https://truevetmortgage.com/
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