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Mortgage Market Update
Brian Simmons
Brian Simmons
Tuesday, October 20, 2026
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Should you refinance? Let's do the math |
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Refinancing gets a lot of buzz, but it's not one-size-fits-all. Here's what actually matters when you're deciding whether to make a move.
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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 Basics
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question isn't just whether rates have moved—it's whether the math works for your situation. You'll want to think about how long you plan to stay in your home, what your current loan terms are, and what new ones would look like. Sometimes a lower rate saves you money over time; sometimes the closing costs and the reset timeline work against you. The best way to know is to run the actual numbers on your specific loan, which is exactly what I can help you do. If you've been wondering whether now is your moment to refinance, let's talk through it together. Give me a call or send me a message—I can walk you through whether refinancing makes sense for 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 Brian Simmons team any time and we'll walk you through your options. |
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