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Mortgage Market Update
My Mortgage Company
Tyson Wynia — Tyson Wynia
Saturday, October 31, 2026
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Fixed or adjustable—which is right for you? |
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I'm getting a lot of questions lately about the differences between loan types, so I thought I'd break down one of the most important choices you'll make.
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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 Programs
Fixed vs. adjustable: which fits your plan?
When you're shopping for a mortgage, one of the biggest decisions is whether you want your rate to stay the same for the entire loan or to start lower and adjust later. A fixed rate gives you predictability—your payment never changes, which makes budgeting easier. An adjustable rate often starts lower, which can mean smaller payments early on, but it can rise over time. The right choice depends on how long you plan to stay in the home, how comfortable you are with payment uncertainty, and what's happening with rates right now. There's no universal winner here; it's about what matches your life and your peace of mind. Let's talk through which option makes sense for your situation.
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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 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
Tyson Wynia — Tyson Wynia
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