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Mortgage Market Update
Taylor Lacy
Taylor Lacy
Saturday, October 31, 2026
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Does refinancing make sense for you? |
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Not every rate move calls for a refinance. Let's talk about what actually matters when you're deciding whether to make a change.
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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 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 dropped—it's whether the math works for your situation. You'll want to think about how long you plan to stay in your home, what your current loan terms are, and whether the savings justify any costs involved. Sometimes staying put is the smarter choice. If you've been curious about whether refinancing could help you, I'm happy to walk through the numbers with you and give you honest feedback. There's no obligation, and it only takes a few minutes to figure out if it's worth exploring. Reach out if you'd like me to run the numbers and see if refinancing makes sense for you.
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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 Taylor Lacy team any time and we'll walk you through your options. |
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