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Mortgage Market Update
Jarred Kuiper
Jarred Kuiper
Tuesday, October 20, 2026
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Is your current mortgage still the best fit? |
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Hello—I want to touch on something I hear a lot: people assuming they should refinance whenever rates move. The truth is more nuanced than that.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates shift. The real question is whether the long-term benefit outweighs the cost of closing a new loan. Some people refinance to lower their rate or shorten their loan term. Others tap their home's equity for cash or switch from adjustable to fixed. But if you're only staying in your home a few more years, the savings might not cover what you'd pay to close. That's why it's worth looking at your specific situation—your timeline, your current loan terms, and what you're trying to accomplish. I'm happy to walk through the numbers with you and help you decide if it makes sense right now. If you're wondering whether refinancing could work for you, let's talk through it together.
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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 Jarred Kuiper team any time and we'll walk you through your options. |
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