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Mortgage Market Update
Krunal Shah
Krunal Shah
Friday, November 6, 2026
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Fixed or adjustable—which matches your plan? |
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One of the biggest decisions you'll make isn't about the loan amount—it's about how your rate behaves over time. Let's break down the choice.
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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 timeline?
One of the biggest decisions you'll make isn't about the loan amount—it's about how your rate behaves over time. A fixed-rate mortgage keeps the same interest rate for the life of the loan, so your payment never changes. An adjustable-rate mortgage starts lower but can shift after an initial period, which means your payment may go up (or down, though that's less common). Neither is automatically better; it depends on how long you plan to stay in your home and how comfortable you are with payment uncertainty. If you're settling in for the long haul, fixed-rate stability often wins. If you're thinking short-term, an adjustable option might make sense. The key is understanding which scenario matches your actual plans—not just your gut feeling. Let's talk about which structure makes sense for where you are in life.
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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 Krunal Shah team any time and we'll walk you through your options. |
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