Anthony Rahimi · November 6, 2026

Is refinancing worth it for you right now?

Mortgage Market Update

My Mortgage Company

Anthony Rahimi

Friday, November 6, 2026

Is refinancing worth it for you right now?

Hello, Refinancing comes up a lot in conversations—but what actually makes it worth doing?

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

Rate trend

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.


Refinancing Basics

Should you refinance? Here's what to consider.

Refinancing isn't right for everyone, but it's worth understanding when it might make sense for you. The main reason people refinance is to lower their monthly payment when rates drop—but that's not the only reason. Some folks refinance to switch from a variable to a fixed rate, shorten their loan term, or tap into home equity for a major expense. Before you move forward, think about how long you plan to stay in your home and whether the benefits outweigh the costs involved. Every situation is different, which is why it helps to talk through your specific numbers with someone who knows your financial picture.

If you've been wondering whether refinancing could work for you, I'd love to walk through the details. There's no obligation—just clarity.

Let's talk about whether refinancing makes sense in your situation.

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

M

My Mortgage Company

Anthony Rahimi

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