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Mortgage Market Update
Steven Dell’Aria
Steven Dell’Aria
Tuesday, November 3, 2026
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Does refinancing make sense for you? |
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Refinancing feels tempting when rates move, but it's not always the right call. Here's what to think about before you decide.
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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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Refinancing Strategy
When does refinancing actually make sense?
Refinancing isn't always the right move—even when rates drop. The real question is whether the long-term savings outweigh the upfront costs and time involved. If you're planning to stay in your home for several more years, a refi might pay for itself. But if you're thinking of moving or selling within a few years, the math often doesn't work out. I like to run the numbers for clients so they can see exactly when (or if) they'd break even. That way, you're making a decision based on your situation, not just a rate quote. Let's talk through what makes sense for you. Reach out if you'd like me to run a quick analysis for your specific scenario.
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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 Steven Dell’Aria team any time and we'll walk you through your options. |
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