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Mortgage Market Update
My Mortgage Company
Sabrina Linman
Friday, November 6, 2026
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Should you refinance your mortgage? |
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Hi there,
One of the most common questions I hear is whether now is a good time to refinance. Let me break down what actually matters when you're weighing that decision.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
7.12%
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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 actually makes sense
A lot of homeowners ask me whether they should refinance, and the honest answer is: it depends on your situation. Refinancing isn't always the right move, even when rates shift. What matters most is how long you plan to stay in your home, what your current loan terms are, and whether the numbers actually work in your favor over time. Sometimes refinancing saves you real money. Sometimes it just feels like it should. I want to help you think through the difference—not push you toward a decision that looks good on paper but doesn't fit your life. The best refinance is one you've thought through carefully with someone who knows your goals. If you're curious whether refinancing might work for you, let's talk through the details.
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Tip of the Week
Closing costs typically run 2-5% of the loan amount. Ask your lender for a Loan Estimate so there are no surprises.
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Tips for Homeowners
Protecting Yourself from Mortgage Scams
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1.
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Wire fraud is one of the fastest-growing real estate scams. Never wire closing funds based solely on email instructions — always verify account numbers by calling your title company at a number you look up yourself.
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2.
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Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.
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3.
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Be wary of unsolicited offers to refinance or cash out equity at terms that sound unusually favorable. If someone contacts you out of the blue, verify their NMLS license number at nmlsconsumeraccess.org.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Sabrina Linman
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