Mortgage Market Update

My Mortgage Company

Envision Lending

Tuesday, November 3, 2026

Does refinancing make sense for you right now?

One of the questions I hear most often is whether someone should refinance. The answer depends on more than just rates.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Refinance Reality

When a refi actually makes sense

Refinancing isn't always the right move, even when rates shift or your situation changes. The real question is whether the cost of refinancing—closing costs, appraisal, application fees—will be worth what you save over time. If you're planning to stay in your home for years, the math often works out. But if you might move or sell sooner, refinancing could end up costing you more than you gain.

I help clients run the actual numbers so you can see clearly whether refinancing makes sense for your timeline and goals. There's no one-size-fits-all answer, which is exactly why it's worth a conversation before you decide.

Let me walk you through the costs and benefits for your specific situation.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Envision Lending

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