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Mortgage Market Update
Michele de Vahle
Michele de Vahle
Tuesday, November 3, 2026
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Refinancing might be worth a conversation |
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Hi there. This week I'm addressing a question I hear often: should I 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 Basics
When it makes sense to refinance your mortgage
Refinancing isn't just about chasing lower rates—it can also mean shortening your loan term, switching from adjustable to fixed, or pulling out equity for a major expense. The right move depends on your situation: how long you plan to stay in the home, what your current rate and loan type are, and what you're trying to accomplish. Sometimes the math works out cleanly. Sometimes it doesn't. That's why it's worth talking through the specifics with someone who can run the numbers for your exact scenario, not just hand you a generic checklist. If you've been wondering whether refinancing makes sense for you, I'd be glad to walk through the options.
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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 Michele de Vahle team any time and we'll walk you through your options. |
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