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Mortgage Market Update
My Mortgage Company
Nolan Solano — HomeWise Capital Advisors
Saturday, October 31, 2026
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Fixed or adjustable—which is right for you? |
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Hi there. As we head into the colder months, it's a good time to think clearly about the loan structure that will work hardest for you.
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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 Basics
Fixed vs. adjustable: which one fits your plan?
One of the biggest decisions you'll make is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate that can change over time. A fixed rate gives you predictability—your payment stays the same month after month, which makes budgeting easier and protects you if rates climb. An adjustable rate typically starts lower, which can mean lower initial payments, but it can move up later, so your payment could increase. The right choice depends on your timeline, risk comfort, and how long you plan to stay in the home. If you're keeping the house for decades, fixed often makes sense. If you might move or refinance in a few years, adjustable could work. I'd love to walk through which makes sense for your specific situation. Let's talk about which program aligns best with your goals.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Nolan Solano — HomeWise Capital Advisors
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