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Mortgage Market Update
My Mortgage Company
Rebekah Manuel
Tuesday, November 3, 2026
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Should you refinance your mortgage? |
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Some weeks I get a lot of questions about refinancing. Here's what actually matters when you're deciding whether to pull the trigger.
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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 Basics
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The main question is whether the long-term savings justify closing costs and the time involved. Sometimes a refi pencils out beautifully; other times you're better off staying put. It depends on how long you plan to stay in your home, your current loan terms, and what's available to you now. I help borrowers run the real numbers—not the sales pitch—so you can make a decision that actually works for your situation. If you've been thinking about refinancing but aren't sure if it's worth it, let's talk through the specifics. Reach out if you'd like to explore whether refinancing makes sense for you right now.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Rebekah Manuel
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