Mortgage Market Update

My Mortgage Company

Grizzly Mortgage

Tuesday, November 3, 2026

Should you refinance? Here's how to decide

Every month I hear from borrowers wondering if now is the time to refinance. Here's what you should consider before making that call.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Refinancing Strategy

When it makes sense to refinance your mortgage

Refinancing isn't always the right move—but sometimes it's worth a serious look. The main reasons people refinance are to lower their monthly payment, shorten their loan term, or switch from an adjustable rate to a fixed one. Each situation is different, and what works for your neighbor might not work for you.

The key is understanding your own goals and timeline. If you're planning to stay in your home for several more years, refinancing might make financial sense. If you're thinking about selling soon, the costs probably don't pencil out. I'm happy to walk through your specific situation and help you figure out whether it's worth exploring.

Let's talk about whether refinancing could work for you—reach out anytime.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Grizzly Mortgage

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