Mortgage Market Update

My Mortgage Company

Gonzalo Lopez

Tuesday, November 3, 2026

Should you refinance? Here's how to tell.

Hi there. This week I want to tackle a question I hear often: is refinancing worth it right now?

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?

Refinancing isn't always the right move, even when rates shift. The real question is whether the benefits of a new loan outweigh the costs and time involved. Some borrowers break even in months; others take years. It depends on your current loan balance, how long you plan to stay in your home, and what you're trying to accomplish—whether that's lowering your payment, shortening your loan term, or tapping into equity.

I talk to homeowners every week who wonder if now is their moment. The answer is personal. That's why a conversation beats guessing. I can walk through the actual numbers for your situation and help you decide if refinancing moves you closer to your goals.

If you've been curious about refinancing, let's talk through whether it makes sense for you.

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

Gonzalo Lopez

You are receiving this from Gonzalo Lopez. Unsubscribe