| |
 |
Saturday, October 31, 2026 |
|
|
Mortgage Market Update
Does refinancing make sense for you right now?
Refinancing can be a smart move—or it might not be worth the hassle. Here's how to figure out which applies to you.
|
|
|
|
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%2324316B%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.
|
|
|
|
|
Refinancing Basics
Should you refinance? Here's how to think about it.
Refinancing isn't just about chasing lower rates—it's about whether a new loan makes financial sense for your situation right now. The math depends on how long you plan to stay in your home, what your current loan terms are, and whether you're trying to lower your payment, shorten your timeline, or switch loan types. Some people refinance to tap equity for a major project. Others do it to move from an adjustable rate to fixed stability. The key is figuring out whether the benefits outweigh the costs and effort involved. If you're wondering whether it's worth exploring, I'd like to walk you through your specific numbers and see what makes sense.
|
|
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 Ben Yost team any time and we'll walk you through your options.
|
|
Centennial, Colorado
303-587-4297
NMLS# 243370 · Company NMLS# 891464
Straight talk on Colorado Home Loans · Unsubscribe
|
