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Mortgage Market Update
High Lakes Lending, LLC
High Lakes Lending, LLC
Saturday, October 31, 2026
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Does your loan still fit your life? |
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Hi there—I wanted to touch base about something that doesn't get enough attention: whether your mortgage is still the right fit for you today. It's worth checking in on.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
7.15%
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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 your current loan stops working for you
Your mortgage was right for you when you got it, but circumstances change. Maybe rates have moved enough to matter. Maybe you've paid down principal and want to tap into equity. Maybe you're tired of an adjustable rate or a loan term that doesn't fit your life anymore. The point isn't that refinancing is always the answer—it's that it's worth revisiting your loan every couple of years to make sure it still aligns with where you are now. If something feels off or you're wondering whether a different approach might serve you better, that's worth a conversation. I'm here to walk through whether a refinance makes sense for your situation, no pressure either way. If you'd like to talk through your current loan and explore your options, I'd be happy to take a look.
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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 High Lakes Lending, LLC team any time and we'll walk you through your options. |
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2755 NW Crossing Dr, Suite 229, Bend OR 97703
NMLS# 308049 · Company NMLS# 1935255
541-848-7472 | https://www.highlakeslending.com/
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