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Mortgage Market Update
My Mortgage Company
ash ketchum
Friday, November 6, 2026
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Fixed or adjustable—which fits you |
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One of the biggest decisions in a mortgage isn't always obvious at first glance. Let me break down what actually matters when you're choosing between loan types.
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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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Fixed vs. Adjustable
Why your loan type matters more than you think
When you're shopping for a mortgage, the interest rate gets all the attention. But the structure of your loan—whether it's fixed or adjustable—shapes your entire financial picture. A fixed rate locks in predictability: your payment stays the same for the life of the loan, which makes budgeting straightforward and gives you peace of mind. An adjustable rate often starts lower, but can change over time, which means your payment could shift too. Neither is automatically "right"—it depends on your timeline, risk comfort, and how long you plan to stay in the home. The wrong choice for your situation can cost you unnecessary stress or money down the road. Let's talk about which structure makes sense for your specific goals. Reach out if you'd like to walk through how each type would work in your scenario.
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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
ash ketchum
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