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Mortgage Market Update
Robin Morton
Robin C. Morton
Tuesday, November 3, 2026
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Does refinancing make sense right now? |
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Refinancing gets a lot of attention, but not every homeowner should do it. Let me help you figure out whether it's worth exploring for you.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The math depends on how long you plan to stay in your home, what you'd pay in closing costs, and how much your payment would actually drop. Some people refinance to shorten their loan term, others to tap equity for a project, and some find it doesn't pencil out at all. The key is running the actual numbers for your specific situation rather than making a gut call. If you've been wondering whether a refinance could work for you, I can walk through the details and show you what the numbers look like. Let's talk through whether refinancing makes sense for your home and goals.
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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 Robin Morton team any time and we'll walk you through your options. |
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