Should you refinance? Let's figure it out

One of the most common questions I get is whether someone should refinance their home loan. It's worth asking—but the answer depends on your specific situation.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

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 a refi makes sense (and when it doesn't)

Refinancing gets a lot of attention, but it's not the right move for everyone—and the decision often comes down to more than just rates. The core idea is simple: you replace your current loan with a new one, ideally with better terms. But that new loan comes with costs, so you need to stay long enough in your home for the savings to outweigh them. Beyond the math, refinancing can also be a smart way to shorten your loan term, tap into equity you've built, or move from an adjustable rate to a fixed one. The timing and your personal situation matter just as much as the rate environment. I'd love to walk you through whether it makes sense for you right now.

Reach out if you'd like to talk through whether refinancing could work for your 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 Keivon Behnamzad team any time and we'll walk you through your options.

Keivon Behnamzad · Unsubscribe