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Mortgage Market Update
My Mortgage Company
Josh Lyon
Tuesday, November 3, 2026
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Is your loan still working for you? |
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A lot has changed since you bought or last refinanced. Here's what else might make a refinance worth considering.
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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 Timing
Refinancing isn't just about rates
Most people think about refinancing only when rates drop. But there are other solid reasons to explore it: shortening your loan term, switching from adjustable to fixed, tapping equity for a goal, or simply getting out of a loan program that no longer fits your life. Sometimes the best refinance isn't about saving on your monthly payment at all—it's about changing the terms to match where you are now. If your situation has shifted since you got your mortgage, it might be worth a conversation. I'm here to walk through whether a refinance makes sense for you, no pressure. Let's talk. Reach out and we can look at your options together.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Josh Lyon
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