Josh Deutsch — Josh Deutsch · November 6, 2026

Should you refinance your mortgage?

Mortgage Market Update

My Mortgage Company

Josh Deutsch — Josh Deutsch

Friday, November 6, 2026

Should you refinance your mortgage?

Hi there. I get asked often whether now is a good time to refinance. The honest answer is: it depends on your situation.

National Mortgage Rates · November 5, 2026

Conventional 30-Year

7.18%

FHA 30-Year

6.90%

VA 30-Year

6.76%

Rate trend

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.


Refinancing Basics

When refinancing makes sense for your situation

Refinancing isn't one-size-fits-all, and it's not always the right move. The core question is simple: will the benefit of a new loan outweigh the cost of getting one? Sometimes that answer is yes—maybe your financial picture has changed, your credit has improved, or market conditions have shifted in your favor. Other times, you're better off staying put. The best way to know is to run the actual numbers for your specific loan, term, and timeline. That's where I come in. I can show you a clear comparison of what you'd keep versus what you'd gain, so you can decide with confidence instead of guesswork.

If you're wondering whether refinancing could work for you, let's talk through your options.

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

Josh Deutsch — Josh Deutsch

You are receiving this from Josh Deutsch — Josh Deutsch.  Unsubscribe