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Mortgage Market Update
Christina Maciejewski
Christina Maciejewski
Tuesday, November 3, 2026
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Does refinancing make sense for you? |
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Hi — I want to talk about refinancing this week, but not in a generic way. The decision to refinance is personal, and it should start with your real situation, not a sales pitch.
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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
Should you refinance right now?
Refinancing isn't a one-size-fits-all move — it depends on where rates are, how long you plan to stay in your home, and what you're trying to accomplish. Some borrowers refinance to lower their monthly payment. Others tap equity for a major expense or home project. A few lock in a different loan type that works better for their situation now. The real question isn't whether refinancing is possible — it's whether it makes sense for you. That's where a quick conversation helps. I can walk you through the math on your specific loan and show you what refinancing would actually look like versus staying put. Reach out if you'd like to explore whether refinancing makes sense for your home and budget.
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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 Christina Maciejewski team any time and we'll walk you through your options. |
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