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Mortgage Market Update
Chris Ristau
Chris Ristau
Tuesday, November 3, 2026
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Does it make sense to refinance right now? |
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I get asked this question every week, and the answer is never the same twice. Let me explain what I look at when I'm deciding whether refinancing is worth your time and money.
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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
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'll get outweighs what it costs to refinance. Sometimes a lower rate saves you money over time. Sometimes it doesn't—and that's okay to know upfront. The math depends on your situation: how long you plan to stay in the home, what your current loan looks like, and how rates compare today. I can walk through the numbers with you so you're not guessing. If refinancing makes sense, we'll do it. If it doesn't, I'll tell you that too. Reach out if you'd like me to run the numbers for your specific situation.
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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 Chris Ristau team any time and we'll walk you through your options. |
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