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Mortgage Market Update
Johnathan Lee
Johnathan Lee
Saturday, October 31, 2026
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Fixed or adjustable—which suits you? |
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Every mortgage comes down to a few core choices. This week, let's look at one that really matters.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
7.15%
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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 Comparison
Fixed vs. adjustable: which one fits your plan?
One of the biggest decisions in a mortgage is whether to lock in a fixed rate for the life of your loan or go with an adjustable rate that starts lower but can change over time. A fixed rate gives you predictability—your payment stays the same month after month, year after year. An adjustable rate may offer a lower starting point, which can make sense if you're planning to sell or refinance before the rate adjusts. The right choice depends on your timeline, how long you plan to stay in the home, and how comfortable you are with uncertainty. I'd be happy to walk through the trade-offs with you and help you see which structure makes sense for your situation. Reach out and let's talk through which option aligns with your homeownership goals.
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Tip of the Week
Refinancing resets your amortization clock. If you're 10 years into a 30-year loan, consider a shorter term to avoid paying more total interest.
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Tips for Homeowners
Co-Signing a Mortgage: What You're Really Agreeing To
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1.
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Co-signing makes you equally responsible for the debt. If the primary borrower misses payments, your credit score takes the same hit and the lender can pursue you for the full balance.
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2.
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The co-signed mortgage debt appears on your credit report and counts toward your DTI. This can limit your ability to qualify for your own financing until the loan is paid off or refinanced out of your name.
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3.
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There's no automatic way to remove yourself as a co-signer — the primary borrower must refinance the loan in their name alone. Get this understanding in writing before you sign.
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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 Johnathan Lee team any time and we'll walk you through your options. |
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