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Saturday, October 31, 2026 |
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Mortgage Market Update
Should you refinance? Let's look at your numbers
Hi there. With rates shifting week to week, a lot of homeowners are asking whether now is the time to refinance.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
6.90%
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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 one-size-fits-all, and I want to help you think through whether it's right for your situation. The math depends on how long you plan to stay in your home, what your current loan looks like, and where rates are heading. Sometimes refinancing saves money over time. Other times, the costs and effort don't pencil out. There's no shame in deciding it's not your move right now—that's the smart answer for plenty of homeowners. The best way forward is to run the numbers on your specific scenario. I'm here to walk you through what refinancing could look like for you, no pressure, just clarity.
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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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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 Matt Maier team any time and we'll walk you through your options.
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25 S Arizona Pl Suite 210, Chandler, AZ 85225
Matt
Matt Maier · Unsubscribe
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