Mortgage Market Update

My Mortgage Company

Matt Denig

Tuesday, November 3, 2026

Should you refinance? Here's what matters.

Hi there. Sometimes the right move isn't obvious without looking at the full picture.

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 Basics

When does refinancing actually make sense?

A lot of homeowners wonder if they should refinance, but the answer depends on your situation—not just the numbers. Refinancing makes sense when your goals align with the costs involved. That might mean lowering your monthly payment, shortening your loan term, tapping equity for a major expense, or switching from an adjustable rate to a fixed one. The key is understanding what you're trying to achieve and whether the math works for your timeline. If you've been in your home for a while, built some equity, or your circumstances have changed, it's worth having a conversation. I can walk you through whether it makes sense for you.

If you're curious about your refinancing options, reach out and we can talk through it.

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

Matt Denig

You are receiving this from Matt Denig. Unsubscribe