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Mortgage Market Update
My Mortgage Company
Angela Walters
Wednesday, November 4, 2026
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Should you revisit your mortgage? |
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Life changes. Your mortgage might need to change with it. Let's talk about whether now is the right time to explore your options.
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National Mortgage Rates · November 3, 2026
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Conventional 30-Year
7.17%
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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 it makes sense to look at your loan again
A lot of people think about refinancing only when rates drop dramatically. But there are other good reasons to take a second look at your mortgage — maybe your financial situation has changed, or you want to shorten your loan term, or you're tired of an adjustable rate. Sometimes a refinance makes sense even in a steady rate environment. The key is understanding what you'd actually gain and what it would cost. A quick conversation can tell you whether refinancing pencils out for your specific situation, or whether staying put is the smarter move right now. If you're curious whether refinancing could work for you, I'd be happy to run the numbers.
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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
Angela Walters
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