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Mortgage Market Update
One Real Mortgage Master
Friday, November 6, 2026
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Fixed or adjustable—which one's right for you? |
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One of the most important decisions in getting a mortgage isn't about the dollar amount—it's about how your rate behaves. Let me break down your options.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
7.18%
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Source: Optimal Blue daily mortgage indices via FRED · 30-yr: Freddie Mac weekly survey
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 plan?
One of the biggest choices you'll make is how your interest rate works over time. A fixed-rate loan keeps the same rate and payment for the entire loan term — predictable and stable, which most borrowers prefer. An adjustable-rate mortgage (ARM) typically starts lower, but can change after an initial period, which means your payment could go up. The right choice depends on how long you plan to stay in your home and your comfort with uncertainty. If you're staying put for years, fixed is usually the safer bet. If you're planning a move sooner, an ARM might work in your favor. I'd love to walk you through both options and help you figure out what makes sense for your situation. Let's talk through which loan structure fits your timeline and peace of mind.
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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 One Real Mortgage Master team any time and we'll walk you through your options. |
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