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Mortgage Market Update
Denise Abarca
Denise Abarca
Friday, November 6, 2026
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Fixed or adjustable—which one to choose |
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When you're shopping for a mortgage, the interest rate gets all the attention. But the type of loan you pick might matter even more to your long-term finances.
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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 fits your plan?
One of the biggest choices you'll make is whether to lock in a fixed rate for the full life of your loan or start with a lower adjustable rate that can change over time. Fixed-rate loans give you payment certainty and peace of mind—you know exactly what you'll pay every month for 15, 20, or 30 years. Adjustable-rate loans may offer a lower starting point, but your payment can increase later, so they work best if you plan to sell or refinance before the rate adjusts. The right choice depends on how long you plan to stay in your home and how comfortable you are with payment risk. I'd like to walk through both options with you and show how each would work in your specific situation. Let's talk through which structure makes the most sense for your timeline and comfort level.
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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 Denise Abarca team any time and we'll walk you through your options. |
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