|
Mortgage Market Update
My Mortgage Company
Kaden Harris — Kaden Harris CRM
Friday, November 6, 2026
|
Does refinancing make sense for you? |
|
Refinancing gets a lot of buzz, but it's not always the right move. This week I want to walk you through when it might be worth considering and when it probably isn't.
|
|
National Mortgage Rates · November 5, 2026
|
Conventional 30-Year
7.18%
|
|
| |
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%233b5bdb%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
Source: Optimal Blue daily mortgage indices via FRED · 30-yr: Freddie Mac weekly survey
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
Should you refinance? Here's how to know.
Refinancing means replacing your current mortgage with a new one, usually to lower your payment, shorten your loan term, or switch from adjustable to fixed rates. It's not free—there are closing costs—but it can make sense if the long-term savings outweigh those upfront expenses. The right move depends on your situation: how long you plan to stay in your home, current rates versus your existing rate, and how much equity you've built. This is exactly the kind of question worth a real conversation with me. I can run the numbers on your specific loan and help you see whether refinancing makes financial sense for you right now. Let's talk through whether a refinance fits 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 My Mortgage Company team any time and we'll walk you through your options. |
|
Your Mortgage Advisor
|
|
|
My Mortgage Company
Kaden Harris — Kaden Harris CRM
|
|
|
|
You are receiving this from Kaden Harris — Kaden Harris CRM. Unsubscribe
|