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Mortgage Market Update
My Mortgage Company
Randy Nederman
Friday, November 6, 2026
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Fixed or adjustable — which fits you? |
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There's more to choosing a mortgage than picking a lender. Understanding the different loan types available helps you make a decision that actually works for your life.
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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 Program Fit
Fixed or adjustable: which loan type fits your plan?
One of the biggest decisions in getting a mortgage isn't about rates or lenders — it's about the structure of the loan itself. A fixed-rate mortgage keeps your payment steady for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage may start lower but can change over time, which works well if you plan to move or refinance before rates adjust. Neither is inherently right or wrong; it depends on your timeline, risk comfort, and financial goals. The key is understanding how each one behaves so you can choose with confidence, not confusion. Let's talk through which structure makes the most sense for where you're headed.
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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
Randy Nederman
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