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Mortgage Market Update
My Mortgage Company
Rebel Rate Mortgage
Friday, November 6, 2026
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Should you refinance your mortgage? |
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Hi there—one question I hear often is whether it's the right time to refinance. The honest answer is: it depends on your circumstances.
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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
Refinancing isn't always the right move—but sometimes it can meaningfully improve your financial picture. The decision hinges on a few key factors: how long you plan to stay in your home, what your current loan terms are, and where rates stand relative to your existing mortgage. A lower rate environment might create an opportunity, but you'll want to weigh closing costs and timeline against the long-term benefit. The math is different for everyone, which is why it's worth having a conversation tailored to your specific situation rather than relying on general rules of thumb. If you've been wondering whether now could be a good time, I'd be happy to walk through the numbers with you. Let's talk through whether refinancing could work for 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
Rebel Rate Mortgage
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