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Mortgage Market Update
Adele Krsek
Adele Krsek
Friday, November 6, 2026
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Should you refinance right now? |
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There's a lot of noise out there about rates and refinancing. This week, I want to cut through it and help you think clearly about what actually matters for your home loan.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates shift. The real question is whether the benefit you'd gain outweighs the cost and time involved in closing a new loan. Some borrowers benefit quickly; others need to stay put longer to break even. The answer depends on your timeline, how much equity you have, your current rate, and what rates are available to you now. Rather than chase every rate dip, it helps to run the numbers on your specific situation. I can walk you through what refinancing would actually mean for your monthly payment and long-term costs, so you make a choice based on your own goals—not guesswork. Let's talk through whether a refi makes sense for your loan.
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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 Adele Krsek team any time and we'll walk you through your options. |
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