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Mortgage Market Update
My Mortgage Company
Tailored Lending Capital
Tuesday, October 20, 2026
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Should you refinance your mortgage? |
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Not every change in rates is a sign you should refinance. Let's look at 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 shift. The real question is whether the benefit you'd get—a lower payment, a shorter loan term, or cash out for a major expense—is worth the time and cost to close a new loan. Some borrowers break even in a few years. Others never do. The answer depends on your goals, how long you plan to stay in your home, and what your current loan looks like. If you've been wondering whether it's worth exploring, that's exactly what I'm here to help you figure out. There's no obligation to move forward; sometimes the smartest choice is to keep what you have. If you'd like to talk through whether refinancing could work for your situation, I'm happy to walk you through the numbers.
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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
Tailored Lending Capital
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