Lifestyle Lending · November 6, 2026

Should you refinance your mortgage?

Mortgage Market Update

Tyler Burns

Lifestyle Lending

Friday, November 6, 2026

Should you refinance your mortgage?

Some weeks the question I get most is about refinancing. People wonder if now is the time to make a move.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

Rate trend

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

When refinancing makes sense (and when it doesn't)

Refinancing isn't always the right move, even when rates drop. The real question is whether the benefit you'd gain over time outweighs the costs of starting a new loan. Sometimes it does. Sometimes it doesn't—and that's okay.

The best way to know is to run the math on your specific situation: your current loan, how long you plan to stay in the home, and what new terms would actually look like. That's where I come in. I can walk you through whether it pencils out for you, what your new payment might be, and what the whole process would look like. No obligation, just clarity.

Let's talk through whether refinancing makes sense for your home and goals.

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.

Tips for Homeowners

Protecting Yourself from Mortgage Scams

1.

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.

2.

Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.

3.

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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Tyler Burns team any time and we'll walk you through your options.

Your Mortgage Advisor

T

Tyler Burns

Lifestyle Lending

info@lslending.com

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