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Mortgage Market Update
Aaron Kozikowski
Tuesday, November 3, 2026
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Is refinancing right for you right now? |
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I've had a few conversations this week with homeowners who thought refinancing was only worth doing in certain market conditions. The truth is more interesting than that.
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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 Reality
Refinancing isn't just about rates
People often think about refinancing only when rates drop, but there's more to the story. You might refinance to shorten your loan term, pull out equity for a major expense, or switch from an adjustable rate to a fixed one for peace of mind. The math changes depending on your goal and how long you plan to stay in your home. Some moves make sense even when rates barely budge. That's why it's worth sitting down and looking at the full picture—not just the rate itself, but what refinancing would actually do for your situation. If you've been wondering whether it's the right move for you, I'd like to help you think it through. Let's talk about what refinancing could mean for your specific circumstances.
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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 Aaron Kozikowski team any time and we'll walk you through your options. |
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