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Mortgage Market Update
My Mortgage Company
Appreciated Asset
Friday, November 6, 2026
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Fixed or adjustable: how to pick |
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Hi there. One of the most important choices in a mortgage is often overlooked—the type of rate structure you choose.
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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 one fits your situation
When you're shopping for a mortgage, one of the biggest decisions is whether to lock in a fixed rate for the life of your loan or go with an adjustable rate that starts lower but can change over time. Fixed-rate mortgages give you predictability—your payment stays the same month after month, year after year. Adjustable-rate mortgages can make sense if you're planning to sell or refinance before rates adjust, or if the initial savings matter to your budget right now. Both have their place; it really depends on how long you plan to stay in your home and how comfortable you are with uncertainty. I'd love to walk through which structure makes the most sense for your timeline and goals. Let's talk about which loan program is the right fit for you.
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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
Appreciated Asset
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