Does refinancing make sense for you?

Rates shift, life changes, and sometimes your mortgage needs to change with it. Here's how to know whether a refinance is worth your time.

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 refinancing actually makes sense

Refinancing isn't something you need to do just because rates move. It's a tool that works best when the benefit outweighs the cost—and that calculation is different for everyone. A lower rate sounds good on paper, but it matters whether you're staying in the home long enough to recoup what you'll pay to refinance. On the flip side, if you're building significant equity, refinancing can be a smart way to consolidate debt, lock in a better rate, or adjust your loan term. The key is understanding your own timeline and goals. I can walk through the numbers with you to see whether refinancing pencils out for your situation, or whether holding steady makes more sense right now.

Let's talk through 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 Keivon Behnamzad team any time and we'll walk you through your options.

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