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Mortgage Market Update
Scott Carlin
TrueVet Mortgage
Saturday, October 31, 2026
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Fixed or adjustable—which is right for you? |
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Hi there. This week I want to break down one of the biggest decisions you'll make when getting a mortgage—and it's not always top of mind.
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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
Not all mortgages work the same way
One of the questions I hear most is whether a borrower should choose a fixed-rate loan or an adjustable-rate mortgage. The honest answer is that it depends on your situation, how long you plan to stay in the home, and how comfortable you are with potential changes down the road. A fixed rate gives you predictability—your payment stays the same for the life of the loan. An ARM typically starts lower but can adjust after an initial period. Neither is right or wrong; they're just different tools. Understanding which one fits your goals and risk tolerance is what matters. If you're not sure which direction makes sense for you, I'd love to walk through the pros and cons together.
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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 Scott Carlin team any time and we'll walk you through your options. |
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321-364-4461 | https://truevetmortgage.com/
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