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Mortgage Market Update
John Kunkel
John Kunkel
Friday, November 6, 2026
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Fixed vs. adjustable: which fits your plan? |
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Every borrower's situation is different, and the loan program you choose should reflect that. This week, I want to help you think through one of the biggest decisions on your mortgage application.
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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 Program Fit
Fixed or adjustable: what actually matters
One of the first choices you'll make is whether to lock in a fixed rate for the life of your loan or go with an adjustable rate that starts lower but can change. There's no universal right answer—it depends on your timeline, risk tolerance, and how long you plan to stay in the home. A fixed rate gives you predictability and peace of mind. An adjustable rate can mean a lower initial payment, which might let you afford more home or build equity faster—but only if rate increases won't strain your budget later. The right choice isn't about guessing where rates are headed. It's about understanding what works for your life and your wallet. Let's talk through your situation and find the fit that makes sense for you. Reach out and we can walk through both options together.
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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 John Kunkel team any time and we'll walk you through your options. |
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