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Mortgage Market Update
Kevin Dull
KD The Broker (powered by Edge Home Finance)
Tuesday, November 3, 2026
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Does refinancing make sense right now? |
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Hi there. This week I'm breaking down one of the most common questions I hear: Is now a good time to refinance?
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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 Reality
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even if rates have shifted. The real question is whether the benefit you'd gain outweighs the cost of refinancing itself. Some people benefit right away; others need to stay put in their loan a while longer for the math to work out. Your situation depends on how long you plan to stay in your home, how much equity you have, what your current rate is, and what rates are available to you now. There's no one-size-fits-all answer—and that's exactly why it's worth a conversation. I can walk you through the real numbers for your specific loan and help you decide if making a move makes sense or if waiting is the smarter play.
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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 Kevin Dull team any time and we'll walk you through your options. |
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4487 Bobwhite Trace
6146658801 | www.kdthebroker.com
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