|
Mortgage Market Update
Emily O'Bannon-Robles
Emily O'Bannon-Robles
Sunday, November 1, 2026
|
Does refinancing actually make sense for you? |
|
Some weeks I get calls from borrowers who refinanced without really thinking through the full picture. Other weeks, people pass on a refi that could have genuinely improved their situation. Let me help you figure out which camp you're in.
|
|
National Mortgage Rates · October 29, 2026
|
Conventional 30-Year
7.15%
|
|
| |
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%233b5bdb%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
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.
|
|
|
|
Refinance Reality
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the monthly savings justify the costs and time involved in closing a new loan. It makes the most sense when you plan to stay in your home long enough to recoup those upfront expenses, and when your credit and income are in solid shape. On the flip side, if you're planning to move in a few years, or if your financial situation has changed since you bought, refinancing might not pencil out. I'm happy to walk through the numbers specific to your situation—sometimes a quick conversation saves you from making an expensive mistake. Let me know if you'd like to talk through whether a refinance is worth your time and money right now.
|
|
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.
|
|
Tips for Homeowners
Co-Signing a Mortgage: What You're Really Agreeing To
|
|
1.
|
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.
|
|
2.
|
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.
|
|
3.
|
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.
|
|
|
Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Emily O'Bannon-Robles team any time and we'll walk you through your options. |
|
|
You are receiving this from Emily O'Bannon-Robles. Unsubscribe
|