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Mortgage Market Update
My Mortgage Company
Rebel Rate Mortgage
Tuesday, November 3, 2026
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Should you refinance your mortgage? |
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Hi there—one question I hear often is whether it's the right time to refinance. The honest answer is: it 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 actually makes sense
Refinancing isn't always the right move—but sometimes it can meaningfully improve your financial picture. The decision hinges on a few key factors: how long you plan to stay in your home, what your current loan terms are, and where rates stand relative to your existing mortgage. A lower rate environment might create an opportunity, but you'll want to weigh closing costs and timeline against the long-term benefit. The math is different for everyone, which is why it's worth having a conversation tailored to your specific situation rather than relying on general rules of thumb. If you've been wondering whether now could be a good time, I'd be happy to walk through the numbers with you. Let's 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
Rebel Rate Mortgage
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