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Mortgage Market Update
My Mortgage Company
Andy Treno
Tuesday, November 3, 2026
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Should you revisit your loan? |
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Hello,
A question I get asked often: is now a good time to refinance? Let's talk about how to answer that for yourself.
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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 Reality
Is your current loan costing you more than it should?
Refinancing isn't just about chasing lower rates—it's about making sure your loan still makes sense for where you are today. Maybe your credit has improved, your home has gained value, or your financial goals have shifted. All of these can open doors to better terms. The catch is that refinancing does involve closing costs, so the math has to work. I help borrowers look at the real picture: what you'd save over time versus what it costs to refinance. Sometimes the answer is yes; sometimes it's wait. Either way, you deserve to know. If you haven't looked at your loan in a while, it might be worth a conversation. I can walk you through what's possible without any pressure or obligation. Reach out if you'd like me to take a fresh look at your situation.
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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
Andy Treno
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