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Mortgage Market Update
Christina Maciejewski
Christina Maciejewski
Friday, November 6, 2026
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Is refinancing worth it for you right now? |
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Refinancing feels mysterious to a lot of people, but it's really just replacing your current loan with a new one. I want to help you figure out if it's the right move.
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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
Should you refinance? Here's how to decide.
Refinancing isn't just about chasing lower rates—it's about aligning your loan with where you are now. Maybe your credit has improved since you bought, or your financial situation has shifted. Maybe you're thinking about shortening your loan term, pulling out equity for a renovation, or simply want to review whether your current loan still makes sense. The key is understanding what refinancing actually costs and what it could genuinely do for you. There's no one-size answer, which is why I always recommend a real conversation before deciding. I'm here to walk through your numbers and help you see what a refinance would actually mean for your monthly payment and long-term plan. Let's talk through whether refinancing makes sense for your situation.
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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 Christina Maciejewski team any time and we'll walk you through your options. |
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