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Mortgage Market Update
Rad Mortgage
Rad Mortgage - Personal Account
Friday, November 6, 2026
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Fixed or adjustable—which fits your plan? |
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A Note From Rad Mortgage
This week we were able to help a family move into their first home and got them cleared to close in under 10 days! We are grateful for any referrals and would love to provide this experience for any of your family and friends!
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One of the most important decisions in a mortgage isn't about the numbers—it's about the structure. Here's what you need to know.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
7.12%
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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 Basics
Fixed vs. adjustable: which matters for your situation
When you're looking at loan options, one of the biggest choices is whether to lock in a fixed rate or consider an adjustable one. A fixed rate stays the same for the entire life of your loan—predictable, straightforward, and especially valuable if rates are in a place you're comfortable with. An adjustable rate typically starts lower but can change over time, which means your payment could go up or down. The right choice depends on how long you plan to own the home, how comfortable you are with payment uncertainty, and what the rate environment looks like right now. I see borrowers get anxious about this decision, but it's really about matching the loan structure to your own situation and peace of mind. Let's talk through which approach makes sense for you.
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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 Rad Mortgage team any time and we'll walk you through your options. |
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4802720845 | radcliffemortgageteam.com
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