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Mortgage Market Update
My Mortgage Company
Kaden Harris — Kaden Harris CRM
Tuesday, November 3, 2026
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Does your loan still fit your life? |
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I talk to homeowners every week who haven't checked in on their mortgage in years. Here's what often surprises them.
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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
Your current loan might be costing you more than it needs to
A lot of homeowners don't realize that refinancing isn't just about chasing lower rates—it's also a smart tool for adjusting your loan terms to match where you are in life right now. Maybe you've built equity and want to tap into it. Maybe you're looking to shorten your loan and pay it off faster. Maybe your financial situation has changed and you need more breathing room in your monthly budget. The best refinance for you depends entirely on your goals, not just what rates are doing. I'd be happy to walk through what your options look like and whether a refinance makes sense for your situation. Let's talk about whether refinancing fits your plan.
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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
Kaden Harris — Kaden Harris CRM
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