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Mortgage Market Update
My Mortgage Company
Luis Treto
Tuesday, November 3, 2026
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Does refinancing make sense right now? |
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Not every refinance is worth doing. Let me help you figure out if yours would be.
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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 Fundamentals
When refinancing actually makes sense
Refinancing isn't always the right move—even when rates drop. The real question is whether the monthly savings justify closing costs and the time investment. Some people benefit right away; others need to stay in their home longer for it to pay off. The break-even point depends on your situation: how much you owe, how long you plan to stay, and what your new terms would look like. If you've been wondering whether it's worth exploring, I can walk you through the math specific to your loan and help you see whether it's worth your time. No obligation, just honest numbers. Let me know if you'd like to run the numbers on your current mortgage.
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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
Luis Treto
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