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Mortgage Market Update
Veronica DeWitt
Barrett Financial
Tuesday, November 3, 2026
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Fixed or adjustable—which fits you? |
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Hi there. Every loan has a rhythm, and understanding how your rate works is key to peace of mind.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
7.13%
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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 matches your plan?
One of the biggest decisions you'll make isn't about how much to borrow—it's about how your interest rate behaves over time. A fixed-rate mortgage keeps the same rate for the life of your loan, so your payment never changes. An adjustable-rate mortgage starts lower but can shift after an initial period, which means your payment could go up (or down, though that's rare). Neither is right or wrong; it depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and where rates are heading. If you're thinking you might move or refinance in five to seven years, an ARM might make sense. If you want total predictability and plan to stay put, fixed is usually the safer path. Let's talk through which scenario fits 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 Veronica DeWitt team any time and we'll walk you through your options. |
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5750 Sunrise Blvd Ste 130 ECitrus Heights, CA 95610
5103968994 | www.dewitthomeloans.com
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