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Mortgage Market Update
My Mortgage Company
AJM Mortgage, Inc.
Friday, November 6, 2026
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Does refinancing make sense right now? |
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Hi there. I wanted to touch base this week about a question I hear often—and how to actually answer it 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 Basics
When refinancing actually makes sense
A lot of people ask whether they should refinance, but the real question is whether refinancing solves a problem you actually have. Maybe you want a shorter loan term to build equity faster. Maybe your credit has improved since you first borrowed, and you're curious what new options exist. Maybe your life has changed and you need more flexible terms. The point is: refinancing isn't about chasing rates—it's about whether a new loan serves your goals better than your current one. I can walk through your situation and show you what's possible, no pressure. Let's talk about whether a refinance makes sense for your home.
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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
AJM Mortgage, Inc.
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