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Mortgage Market Update
Angie Keene
Angie Keene
Friday, November 6, 2026
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Does refinancing make sense for you right now? |
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Hi there,
I get asked a lot about whether now is a good time to refinance. The answer depends on your circumstances, not just the rates.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
7.18%
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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.
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Refinancing Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the long-term benefit outweighs the upfront costs and the years you'll spend paying back your loan. If you're planning to sell or move in the next few years, refinancing might not pencil out. But if you're staying put and your situation has changed—your credit improved, your income grew, or you want to shorten your loan term—it could be worth a conversation. I help borrowers look at the full picture, not just the rate. The math matters more than the headline. Let's talk about what refinancing could actually do for your specific situation. Reach out and we can run the numbers together.
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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 Angie Keene team any time and we'll walk you through your options. |
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