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Mortgage Market Update
Guillermo Ley
Guillermo Ley
Tuesday, October 20, 2026
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Does refinancing pencil out for you? |
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Hi there. This week I want to tackle a question I hear often: when is the right time to refinance?
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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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Loan Refinancing
When refinancing makes sense (and when it doesn't)
Refinancing isn't one-size-fits-all, and there's no magic number that works for everyone. The real question is whether the benefit you'd gain over time outweighs what it costs to refinance. That math depends on your interest rate, how long you plan to stay in your home, your credit profile, and what loan programs you qualify for today. Some people find refinancing gives them breathing room in their monthly budget. Others use it to lock in a better rate or shorten their loan term. But if you're planning to move soon, or if the numbers just don't line up, it might not be the right move right now. The best way to know? Run the numbers with someone who knows your full situation. I'm happy to walk through your options without pressure. Let's talk through whether refinancing makes sense for you—reach out anytime.
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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 Guillermo Ley team any time and we'll walk you through your options. |
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