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Mortgage Market Update
Tammy Saul
Tammy Saul
Tuesday, November 3, 2026
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Does refinancing make sense right now? |
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Not every financial move that looks good on the surface actually pencils out when you dig in. Today I want to share what really matters when you're thinking about refinancing.
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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 Basics
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question isn't whether you can refinance—it's whether the benefits will actually outweigh the costs and time involved. Some borrowers benefit from lower monthly payments or switching loan terms. Others might find that closing costs eat up any savings, or that they won't stay in the home long enough to break even. The math is personal and depends on your specific loan, timeline, and goals. If you've been wondering whether a refinance makes sense for you, I'd love to walk through the numbers together. There's no one-size-fits-all answer, but there's definitely a right answer for your situation. Let's talk through whether refinancing could work for you.
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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 Tammy Saul team any time and we'll walk you through your options. |
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