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Mortgage Market Update
Kevin Dull
KD The Broker (powered by Edge Home Finance)
Friday, November 6, 2026
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Should you refinance your mortgage? |
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Not all refinances are created equal—and not all of them make sense for every borrower. Here's how to know if one might be right for you.
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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
When refinancing makes financial sense
Refinancing isn't just about chasing lower rates—it's a tool for changing your loan terms, shortening your payoff timeline, or switching from adjustable to fixed. Some people refinance to tap into home equity for a major expense. Others do it to lower their monthly payment without extending the loan. The key is understanding your own situation: how long you plan to stay in the home, what your current terms are, and what you're trying to accomplish. If you've been wondering whether a refi could work for you, it's worth having a conversation. I can walk you through the numbers and help you decide if it's the right move.
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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 Kevin Dull team any time and we'll walk you through your options. |
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4487 Bobwhite Trace
6146658801 | www.kdthebroker.com
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