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Mortgage Market Update
My Mortgage Company
Jody Dupuis
Tuesday, November 3, 2026
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Does refinancing make sense right now? |
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Not every rate move calls for a refinance. Let me share what actually matters when you're considering one.
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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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Refinance Reality
When refinancing actually makes sense
Refinancing gets a lot of buzz, but it's not a universal solution. The real question isn't whether rates have moved—it's whether a new loan improves your financial picture. That means looking at your current loan terms, how long you plan to stay in your home, and what the cost of refinancing would be. Sometimes a rate drop pencils out beautifully. Sometimes it doesn't, even if rates look attractive. The math is personal to your situation. I've seen borrowers save real money by refinancing, and I've also steered people away from it because the numbers didn't work. That honest conversation is what matters. If you're curious whether refinancing could benefit you, let's talk through the specifics of your loan and goals. Reach out if you'd like me to walk through whether refinancing makes sense for your home.
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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
Jody Dupuis
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