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Mortgage Market Update
My Mortgage Company
Capital Mortgage Source
Tuesday, October 20, 2026
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Does refinancing pencil out for you? |
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When rates move, refinancing sounds tempting. But it's not always the right answer—and that's okay.
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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 actually makes sense
Refinancing isn't always the right move—even when rates shift. The real question is whether the benefit outweighs your costs and how long you plan to stay in your home. If you're thinking about it, the math matters more than the headlines. A loan officer can walk you through the numbers specific to your situation: what you'd save on your payment, how long it takes to recoup closing costs, and whether a shorter loan term might work for you. Sometimes refinancing is the smart play. Sometimes staying put is. The only way to know is to look at your actual numbers, not just the market chatter. I'm here to help you figure out which path makes sense for your goals. Let's run the numbers and see if a refinance could work 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
Capital Mortgage Source
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