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Mortgage Market Update
My Mortgage Company
The Andrew Russell Team
Tuesday, October 20, 2026
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When refinancing actually pays off |
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Not every rate dip is worth a new mortgage application. Here's how to know the difference.
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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 Strategy
When a rate drop actually makes sense
Not every rate movement means you should refinance. The real question is whether the monthly savings will outweigh the cost and time involved in getting a new loan. This changes depending on your situation — how long you plan to stay in your home, what you currently owe, and how much rates have actually moved. I see borrowers leave money on the table by waiting for a "perfect" moment that never comes, and others jump at tiny moves that don't make the math work. The smartest move is to run the actual numbers with someone who knows your loan inside and out. That's where clarity replaces guessing. If you've been wondering whether now is your moment, let's talk through your specific picture and see what the numbers say. Reach out anytime — I'm happy to walk through whether refinancing makes sense for you.
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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
The Andrew Russell Team
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