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Mortgage Market Update
Reyna Villegas
Reyna Villegas
Friday, November 6, 2026
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Fixed or adjustable—what's your move |
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One of the most important loan decisions isn't about money—it's about time. Here's how to think through it.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
7.12%
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Source: Optimal Blue daily mortgage indices via FRED
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 vs. adjustable: which fits your timeline
When you're shopping for a mortgage, one of the biggest decisions is whether to lock in a fixed rate for the life of the loan or start with an adjustable rate that may change over time. The right choice depends on how long you plan to stay in the home and how comfortable you are with payment uncertainty. A fixed rate gives you predictability and peace of mind—your payment never changes. An adjustable rate often starts lower, which can work well if you're planning to sell or refinance before rates adjust, or if you expect your income to grow. Neither is "right" or "wrong"—it's about matching the loan to your actual life plan. I'd love to walk you through the tradeoffs and help you figure out which approach makes sense for your situation. Let's talk through your timeline and find the loan that fits.
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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 Reyna Villegas team any time and we'll walk you through your options. |
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