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Mortgage Market Update
Rad Mortgage
Rad Mortgage - Personal Account
Friday, November 6, 2026
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Fixed or adjustable—which one fits you? |
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A Note From Rad Mortgage
This week we were able to help a family move into their first home and got them cleared to close in under 10 days! We are grateful for any referrals and would love to provide this experience for any of your family and friends!
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There's a lot that goes into finding the right mortgage. This week I want to break down one of the most important decisions you'll make early on.
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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 loan fits your plan?
When you're shopping for a mortgage, one of the first choices you'll face is whether to lock in a fixed rate for the life of the loan or start with an adjustable rate. Fixed mortgages offer predictability—your payment stays the same from day one until you pay it off, which makes budgeting easier and protects you if rates climb. Adjustable-rate loans typically start lower but can change over time, which might work if you plan to sell or refinance before rates adjust, or if you're comfortable with the risk. The right choice depends on how long you plan to stay in the home, your comfort with uncertainty, and what your monthly budget can handle. I'd be happy to walk through both options with you and show how they work in your specific situation.
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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 Rad Mortgage team any time and we'll walk you through your options. |
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4802720845 | radcliffemortgageteam.com
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