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Mortgage Market Update
My Mortgage Company
Matt Denig
Tuesday, November 3, 2026
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Waiting for rates to drop—or move now? |
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Refinancing decisions often come down to timing, but timing is rarely obvious. Here's how to think about it.
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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 Strategy
Should you wait for rates to drop, or move now?
It's a question I hear often, and the answer isn't one-size-fits-all. Some borrowers do benefit from waiting if their timeline and finances allow it. But others find that refinancing today—even if rates aren't at historic lows—still improves their situation through a shorter loan term, lower payment, or switching loan types. The math depends on how long you plan to stay in your home, your current loan balance, and what refinancing costs in your area. Waiting isn't free either; every month you carry a higher rate has a real cost. I'd rather help you run the actual numbers than guess. Let's talk about what makes sense for your specific situation. Reach out and we can walk through whether refinancing makes sense for you right now.
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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
Matt Denig
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