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Mortgage Market Update
Jesse Moorhouse
Jesse Moorhouse
Friday, November 6, 2026
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Should you refinance right now? |
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One of the most common questions I hear is whether someone should refinance their mortgage. The answer depends on your personal finances, not just what rates are doing.
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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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Refinancing Reality
When a refi makes sense (and when it doesn't)
Refinancing gets a lot of attention, but it's not the right move for everyone. The key question isn't whether rates have moved—it's whether the math works for your situation. If you're planning to stay in your home long enough to recoup the costs of refinancing, and your new terms would genuinely improve your financial picture, then it might be worth exploring. But if you're on the fence about your timeline or unsure how your current loan compares to what's available, that's exactly where I come in. I can walk you through the real numbers so you can make a confident decision, not a reactive one. If you've been wondering whether a refi could help, let's talk through your specific scenario.
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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 Jesse Moorhouse team any time and we'll walk you through your options. |
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