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Mortgage Market Update
Adele Krsek
Adele Krsek
Tuesday, November 3, 2026
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Should you refinance right now? |
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There's a lot of noise out there about rates and refinancing. This week, I want to cut through it and help you think clearly about what actually matters for your home loan.
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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 Strategy
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates shift. The real question is whether the benefit you'd gain outweighs the cost and time involved in closing a new loan. Some borrowers benefit quickly; others need to stay put longer to break even. The answer depends on your timeline, how much equity you have, your current rate, and what rates are available to you now. Rather than chase every rate dip, it helps to run the numbers on your specific situation. I can walk you through what refinancing would actually mean for your monthly payment and long-term costs, so you make a choice based on your own goals—not guesswork. Let's talk through whether a refi makes sense for your loan.
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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 Adele Krsek team any time and we'll walk you through your options. |
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