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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 right now? |
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A lot of homeowners ask me the same question: does it make sense to refinance? The answer depends on your circumstances.
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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 look attractive. The real question is whether the benefit you'd get outweighs the cost and time it takes to close a new loan. Some borrowers refinance to lower their rate, others to tap equity for a major expense, and some to change their loan term. Each situation is different—what works for your neighbor might not work for you. The best way to know if it's worth exploring is to talk through your specific numbers and goals with someone who can look at your whole picture, not just the headline rate. If you're wondering whether refinancing makes sense for your situation, I'd be happy to walk through it with 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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