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Mortgage Market Update
My Mortgage Company
Mai Hoang
Tuesday, October 20, 2026
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Does refinancing actually make sense for you? |
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Not every homeowner should refinance, even when rates move. This week I want to help you think through the real question: is it worth it for you?
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
7.28%
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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
When refinancing makes sense (and when it doesn't)
Refinancing isn't automatic—it works best when your situation has genuinely changed. Maybe you've built equity, your credit has improved, or rates have moved enough to justify the cost and time involved. But if you're happy with your current payment and loan term, refinancing might just add expense without benefit. The key is running the real numbers: how much will it cost to refinance, how long until you break even, and does the monthly savings (or other benefit) actually matter to your life right now? I'm happy to walk through whether it makes sense for you, no pressure either way. Let's talk about whether a refi is worth exploring in your situation.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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Tips for Homeowners
Year-End Tax & Mortgage Planning
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1.
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Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).
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2.
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If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.
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3.
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Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Mai Hoang
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