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Mortgage Market Update
KATY BETCHER
Katy Betcher
Friday, November 6, 2026
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Fixed or adjustable—what's the difference for you |
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Not all mortgages work the same way, and the type you choose can affect your budget for years to come. Let's break down one of the key decisions you'll make.
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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 or adjustable: which makes sense for you
One of the biggest decisions in getting a mortgage is choosing between a fixed rate and an adjustable rate loan. A fixed rate stays the same for the entire life of your loan—predictable and stable. An adjustable rate typically starts lower but can change after an initial period, which means your payment could go up or down depending on market conditions. Neither is automatically better; it depends on your plans, how long you're staying in the home, and your comfort with uncertainty. The right choice for your neighbor might not be right for you. That's why it's worth talking through your specific situation before you decide. If you'd like to explore which structure fits your goals, I'm here to walk you through it.
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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 KATY BETCHER team any time and we'll walk you through your options. |
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