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Mortgage Market Update
Holly L
Holly L Bennett Clark
Saturday, October 31, 2026
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Fixed rate or adjustable—which works for you? |
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One of the biggest decisions in mortgage shopping often gets overlooked. Let's break it down.
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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 loan fits your plan?
When you're shopping for a mortgage, one of the biggest choices is whether to lock in a rate for the full life of the loan or start with a lower introductory rate that can change later. A fixed-rate mortgage gives you predictability—your payment stays the same whether rates rise or fall. An adjustable-rate mortgage often starts lower, which can mean smaller payments early on, but there's real risk if rates move up after the initial period ends. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and what the rate environment looks like right now. I'd love to walk through both options with you and show you what each scenario might look like for your situation. Let's talk through which structure makes sense for you.
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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 Holly L team any time and we'll walk you through your options. |
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