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Mortgage Market Update
Marc Sears
Marc Sears
Tuesday, November 3, 2026
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Should you refinance? Here's how to tell. |
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Hi there. Each week I share a money idea that might help you save or make smarter decisions with your home.
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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 does refinancing actually make sense?
Refinancing isn't always the right move—even when rates look attractive. The real question is whether the monthly savings justify the closing costs and time involved. Some borrowers see meaningful benefit; others break even or come out behind, depending on how long they plan to stay in their home and what their current loan looks like. That's why I always recommend a side-by-side comparison before you decide. I can pull your loan details and show you the actual numbers for your situation—no guesswork, no pressure. Let's talk about whether refinancing makes sense for you right now. Reach out and I'll run a free refinance analysis for you.
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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 Marc Sears team any time and we'll walk you through your options. |
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