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Mortgage Market Update
My Mortgage Company
Naineka Howard
Tuesday, November 3, 2026
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Getting organized before a refi call |
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Refinancing can make sense, but only if you go in prepared. Here's what helps.
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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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Getting Ready
Before you call about a refinance
If you're thinking about refinancing your mortgage, a few small steps upfront can make the whole process smoother and faster. Lenders will want to see your recent pay stubs, tax returns, and bank statements—so gathering those now saves time later. It also helps to know your credit score ballpark and review your current loan documents so you understand what you're working with. None of this commits you to anything; it's just being prepared. If rates move in your favor or your situation has changed, you'll be ready to move quickly instead of scrambling to find paperwork. I'm happy to walk you through what we'll need and answer any questions before you decide to move forward. Reach out if you'd like to talk through what a refinance could look like 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 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
Naineka Howard
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