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Mortgage Market Update
My Mortgage Company
Chris Duskin
Tuesday, November 3, 2026
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Is refinancing right for you right now? |
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Some weeks I get asked about refinancing more than others. This week, let me break down when it actually makes sense.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates shift. The real question is whether the benefit outweighs what you'll pay to make the change—and how long you plan to stay in your home. If you're thinking about tapping your equity, lowering your payment, or locking in a better rate, it's worth running the real numbers. The math changes for everyone based on their situation. I'd rather help you figure out whether it makes sense for you than have you guess. Let's talk through your options and see if refinancing could actually work in your favor. Reach out and we can walk through whether refinancing fits your goals.
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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
Chris Duskin
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