Mortgage Market Update

My Mortgage Company

Amanda Keeland

Tuesday, November 3, 2026

Does refinancing make sense for you?

Hi there. Sometimes staying put with your current mortgage is the right call. Sometimes a fresh look at your options opens a door you didn't know was there.

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 Readiness

When does a refi actually make sense?

Refinancing sounds simple in theory—trade your old loan for a new one—but the math has to work for you. The benefits depend on how long you plan to stay in your home, what your current terms are, and how market conditions have shifted since you borrowed. Sometimes a refi saves real money over time. Sometimes it costs more than it's worth. The only way to know is to run the numbers on your specific situation.

If you've been in your home a while, or if circumstances have changed since you first got your mortgage, it's worth a conversation. I can walk you through whether refinancing makes sense for your goals—no obligation, just honest math.

Ready to explore your options? Let's talk about your situation.

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

Amanda Keeland

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