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Mortgage Market Update
My Mortgage Company
925 E Windsor Dr
Tuesday, November 3, 2026
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Does refinancing make sense for you right now? |
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Hello! This week I want to tackle a question I hear from a lot of homeowners: when is the right time to refinance? Here's what actually matters.
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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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Refinancing Readiness
When does it actually make sense to refinance?
I talk to homeowners all the time who wonder if refinancing could work for them. The truth is, it depends on your situation—not just the rates. Your loan type, how long you plan to stay in the home, your current loan balance, and what you'd pay upfront all play a role in whether a refinance pencils out. Sometimes it's a smart move; sometimes keeping what you have makes more sense. The only way to know is to run the real numbers with your situation in front of you. If you've been thinking about it, I'm happy to walk through whether it could benefit you—no pressure, just clarity. Let's talk through your refinance options when you're ready.
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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
925 E Windsor Dr
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