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Mortgage Market Update
My Mortgage Company
Brian Sammon
Friday, November 6, 2026
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Fixed or adjustable—what's the right move? |
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There's often more than one way to structure a mortgage that works. This week, I want to cover one of the biggest decisions borrowers face.
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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 Comparison
Fixed vs. adjustable: which loan makes sense for you
When you're looking at mortgage options, one of the biggest choices is whether to lock in a fixed rate for the life of your loan or start with an adjustable rate. A fixed rate stays the same from day one to payoff—predictable, stable, no surprises. An adjustable rate typically starts lower but can change over time, which means your payment could go up (or down). The right choice depends on how long you plan to stay in your home, how much payment changes would stress your budget, and what's happening with rates right now. I can walk you through both scenarios for your situation so you see the real trade-offs, not just the initial payment difference. Let's talk about which structure fits your plans and comfort level.
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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
Brian Sammon
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