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Mortgage Market Update
My Mortgage Company
Lazaro Toledo
Friday, November 6, 2026
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Fixed or adjustable—what's the difference for you? |
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One of the most important choices in a mortgage isn't about the lender—it's about the structure of the loan itself. Let me break down how these two main options work and what they mean for your monthly payment.
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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 Options
Fixed vs. adjustable: which loan fits your plan?
When you're shopping for a mortgage or thinking about refinancing, one of the biggest decisions is choosing between a fixed-rate loan and an adjustable-rate mortgage. A fixed rate stays the same for the life of the loan—predictable payments, peace of mind. An ARM starts lower but can adjust after an initial period, which means your payment could go up or down depending on where rates move. The right choice depends on how long you plan to stay in your home and your comfort with payment changes. If stability matters most to you, fixed is the safer bet. If you're planning to sell or refinance within a few years, an ARM might make sense. Either way, understanding your options means making a choice that actually fits your situation, not just picking what sounds cheapest today. Let's talk through which program makes the most sense for your timeline and goals.
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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
Lazaro Toledo
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