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Mortgage Market Update
My Mortgage Company
Andy Treno
Friday, November 6, 2026
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Should you revisit your loan? |
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Hello,
A question I get asked often: is now a good time to refinance? Let's talk about how to answer that for yourself.
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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 Reality
Is your current loan costing you more than it should?
Refinancing isn't just about chasing lower rates—it's about making sure your loan still makes sense for where you are today. Maybe your credit has improved, your home has gained value, or your financial goals have shifted. All of these can open doors to better terms. The catch is that refinancing does involve closing costs, so the math has to work. I help borrowers look at the real picture: what you'd save over time versus what it costs to refinance. Sometimes the answer is yes; sometimes it's wait. Either way, you deserve to know. If you haven't looked at your loan in a while, it might be worth a conversation. I can walk you through what's possible without any pressure or obligation. Reach out if you'd like me to take a fresh look at your situation.
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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
Andy Treno
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