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Mortgage Market Update
My Mortgage Company
Cinda Oehlke - For Deletion
Tuesday, November 3, 2026
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Does it make sense to refinance right now? |
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When rates move, refinancing conversations pick up—but not everyone should refinance. Let me break down what actually matters when you're weighing this decision.
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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 gets a lot of attention, but it's not the right move for everyone or every situation. The real question isn't whether rates have moved—it's whether the change is big enough to justify the cost and timeline of starting over. Some people benefit from a lower rate or shorter loan term. Others might refinance to tap into home equity for a major expense, or to switch from an adjustable to a fixed rate for peace of mind. The math is different for each person depending on how long you plan to stay in your home, your current loan details, and your financial goals. If you've been wondering whether it's worth exploring, I'm happy to run the numbers with you and show you what refinancing could actually mean for your situation. Let's talk through whether refinancing makes sense for your home and 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
Cinda Oehlke - For Deletion
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