Mortgage Market Update

My Mortgage Company

Mark Monson

Tuesday, November 3, 2026

Does your current mortgage still fit?

Sometimes the best loan is the one you already have. Other times, circumstances change enough to make a move worth considering.

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 Reality

When refinancing actually makes sense

Refinancing isn't a one-size-fits-all decision, and it's worth revisiting if your situation has changed. If you've built equity, improved your credit, or rates have moved favorably, refinancing might lower your payment, shorten your loan term, or help you access cash for home repairs or other needs. The trick is looking at the real numbers: how long you plan to stay in the home, what your new costs would be, and whether the benefit outweighs the effort. I can run a quick comparison for you—no obligation, just clarity on whether it makes sense for your specific loan and timeline.

Let's talk about whether refinancing could work 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

Mark Monson

You are receiving this from Mark Monson. Unsubscribe