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Mortgage Market Update
My Mortgage Company
Paulo Maria
Friday, November 6, 2026
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Fixed or adjustable—which one is right for you? |
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One of the most important decisions you'll make as a borrower has nothing to do with interest rates. Let me explain what I mean.
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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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Fixed vs Adjustable
Why your loan type matters more than you think
When you're shopping for a mortgage, one of the biggest choices isn't about the house—it's about the loan itself. A fixed-rate mortgage keeps your payment the same for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage (ARM) starts lower but can change over time, which works well for some borrowers and creates stress for others. The right choice depends on your situation: how long you plan to stay in the home, your comfort with uncertainty, and what makes sense for your budget. I help borrowers understand these trade-offs so the decision feels clear, not scary. Let's talk through which type fits your goals—reach out anytime.
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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
Paulo Maria
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