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Mortgage Market Update
Stacy Jetton
Edge Home Finance
Saturday, October 31, 2026
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Fixed or adjustable—what's right for you? |
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One of the biggest decisions in any mortgage is the loan type itself. I want to walk you through the difference this week so you can pick the right structure for your life.
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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 Program Options
Fixed vs. adjustable: which loan fits your plan?
When you're shopping for a mortgage or thinking about refinancing, the choice between a fixed-rate and adjustable-rate loan matters more than you might think. A fixed rate stays the same for the life of your loan—predictable, stable, and easier to budget around. 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 stay in the home and how comfortable you are with payment uncertainty. If you're planning to be there for decades, fixed often wins. If you think you'll move or refinance within a few years, an adjustable might make sense. The best move is to run the numbers both ways and see what aligns with 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 Stacy Jetton team any time and we'll walk you through your options. |
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404-431-8843 | https://www.JetLoan.com
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