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Mortgage Market Update
Brenda Rodriguez
Brenda Merecka Rodriguez
Saturday, October 31, 2026
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Fixed or adjustable—which one fits you? |
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Hi there. One of the most important decisions on a mortgage application gets made quickly, sometimes without enough thought.
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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 loan fits your plans?
When you're shopping for a mortgage, one of the biggest decisions isn't talked about enough: whether to lock in a fixed rate for the life of your loan or start with an adjustable rate. A fixed-rate mortgage keeps your payment steady no matter what happens to the market—great peace of mind if you're planning to stay put for years. An adjustable-rate loan often starts lower, which can work well if you know you'll sell or refinance before the rate adjusts. The right choice depends on your timeline, risk tolerance, and how long you see yourself in the home. I'd love to walk through how each would look for your situation. Let's talk through which option makes the most sense for where you are right now.
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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 Brenda Rodriguez team any time and we'll walk you through your options. |
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