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Mortgage Market Update
My Mortgage Company
Josh Deutsch — Josh Deutsch
Tuesday, November 3, 2026
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Should you refinance your mortgage? |
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One of the most common questions I get is whether now is a good time to refinance. The answer is almost never a simple yes or no.
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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
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether the benefit you'd get over time outweighs what it costs to refinance. Some people break even in a few months; others need years. It depends on your loan balance, how long you plan to stay in your home, and the rate environment right now. I see borrowers sometimes rush into a refinance because rates moved, then regret it when they realize they're starting their mortgage clock over. Taking time to run the actual numbers with someone who knows your situation makes all the difference. That's exactly what I'm here to help with—no pressure, just honest math. If you've been thinking about refinancing, let's talk through whether it makes sense for you.
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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
Josh Deutsch — Josh Deutsch
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