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Mortgage Market Update
My Mortgage Company
Pacific Coast Mortgage Solutions
Friday, November 6, 2026
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Does refinancing make sense right now? |
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One question I hear often: should I refinance my mortgage? The answer depends on more than just interest rates.
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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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Refinance Readiness
When does refinancing actually make sense?
Refinancing isn't a one-size-fits-all move—it depends on your situation. Some borrowers benefit from lower rates or switching loan terms. Others find the timing or costs don't work in their favor right now. The key is understanding what you'd gain versus what you'd pay to make the switch. I help clients run the real numbers so they can see whether a refinance pencils out for them personally, not just in theory. If you've been wondering whether now is your moment, or whether you should wait, let's talk through it together. Reach out if you'd like to explore whether refinancing could work for you.
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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
Pacific Coast Mortgage Solutions
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