Mortgage Market Update

Aaron Kozikowski

Tuesday, November 3, 2026

Has your home situation changed since you bought?

Each week I share ideas that help homeowners make smarter decisions about their mortgages. This one's about knowing when to look twice at your current loan.

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.

Refinance Timing

Your loan might be worth revisiting

If you've owned your home for a few years, your situation has probably changed—and so have your options. Maybe your credit score has improved, your home has gained value, or you've paid down principal. Any of these can open doors you didn't have before: lower rates, shorter terms, cash-out options, or different loan types that fit your life better now.

The tricky part? These changes don't announce themselves. A quick conversation with me can reveal whether refinancing makes sense for you. We'd look at what you're paying now versus what's available, the costs involved, and how long it would take to break even. Sometimes the answer is yes; sometimes it's no. Either way, you'll have clarity instead of wondering.

Let's talk through whether a refinance 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 Aaron Kozikowski team any time and we'll walk you through your options.

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