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Mortgage Market Update
Jessica Glaeser
Friday, November 6, 2026
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Fixed or adjustable—what's the real difference? |
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Hi there. Every mortgage comes in more than one flavor, and picking the right one matters more than most people realize.
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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 vs. adjustable: which loan type fits your life?
One of the most important choices you'll make isn't just about today's payment—it's about how comfortable you'll be five or ten years from now. A fixed-rate mortgage locks in the same payment for the entire loan term, giving you predictability and peace of mind. An adjustable-rate mortgage typically starts lower but can change after an initial period, which works well if you plan to move or refinance before rates adjust. Neither is universally "better"—it depends on your timeline, risk tolerance, and how long you see yourself in the home. The right choice is the one you'll feel good about, not just today but for years to come. Let's talk about which structure makes sense for your 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 Jessica Glaeser team any time and we'll walk you through your options. |
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