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Mortgage Market Update
My Mortgage Company
ReAnn Gonzalez and Team
Tuesday, November 3, 2026
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Does refinancing make sense right now? |
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Hi there — I'm sharing some thoughts on one of the most common questions I hear.
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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 right for everyone, and it's not always about chasing the lowest rate. I talk to borrowers every week who wonder if now is the time to refinance their mortgage. The honest answer depends on your situation: how long you plan to stay in your home, what your current rate is, how much equity you have, and what new loan terms would look like. Sometimes refinancing saves real money over time. Sometimes the costs outweigh the benefit. There's no one-size-fits-all answer, which is exactly why it's worth a real conversation. I can walk you through the numbers specific to your loan and help you decide if it makes financial sense for your goals. If you've been thinking about refinancing, let's talk through whether it's the right move for you.
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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
ReAnn Gonzalez and Team
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