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Mortgage Market Update
My Mortgage Company
Russ Cox
Friday, November 6, 2026
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Fixed rate or adjustable—what's the difference? |
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Hi there. This week I want to break down one of the most important choices you'll make when you get a mortgage.
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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 vs. adjustable: which one fits your situation?
One of the biggest decisions in a mortgage comes down to how your interest rate will behave over time. A fixed-rate loan keeps the same rate for the entire life of your loan—predictable and stable. An adjustable-rate mortgage 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 "right"—it depends on how long you plan to stay in your home, your comfort with payment uncertainty, and where rates are positioned. If you're thinking through which makes sense for your situation, I'm here to walk you through the tradeoffs without pressure. Let's talk through which loan type aligns with your goals and timeline.
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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
Russ Cox
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