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Mortgage Market Update
Hardeep Rai
Hardeep Rai
Tuesday, November 3, 2026
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Thinking about refinancing? Start here |
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A lot of homeowners put off that refinance conversation. This week, I want to explain why now might be the time to have it.
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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 Readiness
When to stop waiting and talk to a lender
I talk to homeowners who've been thinking about refinancing for months—sometimes longer. They're waiting for the "perfect" rate, or they're not sure if it makes sense, or they just haven't gotten around to it. Here's what I'd encourage: a conversation costs nothing, and the information you get is worth everything. When you understand your actual options—what your new payment might look like, whether you can shorten your loan term, how long a refinance takes to break even—you can make a real decision instead of a guess. Some people discover refinancing doesn't make sense for them right now, and that's valuable. Others find it does, and they're glad they checked. Either way, you stop wondering. Let's talk through your situation and see what your options actually are.
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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 Hardeep Rai team any time and we'll walk you through your options. |
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