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Saturday, October 31, 2026 |
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Mortgage Market Update
Should you refinance right now?
There's a lot of noise about refinancing. I want to cut through it with you this week.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
7.27%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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 makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question isn't whether rates are lower—it's whether refinancing will actually improve your situation over time. That means looking at closing costs, how long you plan to stay in your home, and what your new payment would be. Sometimes a small rate drop doesn't overcome the upfront costs. Sometimes it does. I help borrowers run the real numbers so you're not guessing. If you've been thinking about refinancing, now's a good time to talk through whether it pencils out for your specific loan and timeline.
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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 Chris Laye team any time and we'll walk you through your options.
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460 Shadowood Ct Roswell GA 30075
678-313-4879
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