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Mortgage Market Update
My Mortgage Company
Kurt Kessler - 2
Friday, November 6, 2026
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Does refinancing actually pencil out for you? |
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Refinancing gets a lot of buzz, but it's not a one-size-fits-all solution. Let's talk about when it actually makes sense.
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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 makes sense (and when it doesn't)
Refinancing isn't automatically the right move just because rates shift. The real question is whether the benefit outweighs what you'll pay to close a new loan. Some people see a lower rate and jump in without doing the math. Others miss a genuine opportunity because they assume the closing costs aren't worth it. The truth is somewhere in the middle, and it's different for everyone depending on how long you plan to stay in your home, your current loan terms, and where rates are headed. If you're curious whether refinancing could actually improve your situation, that's worth a conversation. I can walk through the numbers with you and show you what the real outcome might look like. Reach out if you'd like to explore whether refinancing fits your goals.
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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
Kurt Kessler - 2
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