Mortgage Market Update

Malcolm Toussaint

Tuesday, November 3, 2026

Does your loan still fit your life?

Hi there. A lot of homeowners assume their loan is locked in for good, but that's not always true. Sometimes a refinance can work hard for you.

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 does it make sense to refinance?

Refinancing isn't a one-size-fits-all decision, but there are a few clear moments when it's worth exploring. If rates have moved meaningfully lower since you locked in your loan, or if your credit score has improved, you might find a better deal. You could also refinance to shorten your loan term, tap into home equity for a big expense, or switch from an adjustable rate to a fixed one for peace of mind.

The key is looking at your actual numbers: how much you'd save or gain, what the closing costs would be, and how long you plan to stay in the home. Some moves pay for themselves quickly; others take time. I'm here to walk through the math with you and help you figure out if refinancing makes sense for your situation right now.

Let's run the numbers together — reach out and we can see if a refinance is worth your time.

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 Malcolm Toussaint team any time and we'll walk you through your options.

Your Mortgage Advisor

Malcolm Toussaint

malcolm@oasismtglending.com

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