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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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Should you refinance your mortgage? |
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Not all refinances are created equal—and not all of them make sense for every borrower. Here's how to know if one might be right for you.
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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 refinancing makes financial sense
Refinancing isn't just about chasing lower rates—it's a tool for changing your loan terms, shortening your payoff timeline, or switching from adjustable to fixed. Some people refinance to tap into home equity for a major expense. Others do it to lower their monthly payment without extending the loan. The key is understanding your own situation: how long you plan to stay in the home, what your current terms are, and what you're trying to accomplish. If you've been wondering whether a refi could work for you, it's worth having a conversation. I can walk you through the numbers and help you decide if it's the right move.
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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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