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Mortgage Market Update
My Mortgage Company
Jerry Ziadat - Lendside
Tuesday, November 3, 2026
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Does refinancing make sense for you? |
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A lot of homeowners wonder if they should refinance, but there's no one-size-fits-all answer. Let me break down what actually matters when you're weighing the decision.
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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 you'd gain over time outweighs what you'd pay to make the change. Some people refinance to lower their rate, others to shorten their loan term or tap equity for a major expense. The timing, your current loan details, and your plans for the home all matter. If you've been in your mortgage a while, you may be surprised how much equity you've built—and what doors that opens. I'm happy to walk through the numbers specific to your situation so you can see whether it makes financial sense for you right now. Reach out anytime you'd like to talk through whether refinancing could work for 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
Jerry Ziadat - Lendside
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