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Mortgage Market Update
Kaitlyn Kaczmar
Kaitlyn Kaczmar
Tuesday, November 3, 2026
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Should you refinance right now? |
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I'm thinking about refinancing this week—and whether it might be worth it for you, too. Here's what to consider.
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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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Refinance Readiness
When it makes sense to refinance your loan
A lot of folks ask me whether they should refinance, but there's no one-size-fits-all answer. It depends on where rates are compared to your current loan, how long you plan to stay in your home, and what your goals are—whether that's lowering your monthly payment, shortening your loan term, or tapping equity for a big project. The math has to work, and it's worth doing the calculation before you decide. If you've been in your home a few years and haven't checked in with a lender lately, it might be worth a conversation. Rates and your financial picture both change, and sometimes there's real opportunity hiding in plain sight. Let's talk through whether refinancing makes sense for 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 Kaitlyn Kaczmar team any time and we'll walk you through your options. |
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