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Mortgage Market Update
Jarred Kuiper
Jarred Kuiper
Tuesday, October 20, 2026
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Should you refinance your mortgage? |
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One of the most common questions I hear is whether now's a good time to refinance. The answer depends on your circumstances, not just market conditions.
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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 it actually make sense to refinance?
Refinancing isn't a one-size-fits-all move. The real question isn't just whether rates have dropped—it's whether the long-term benefit outweighs what you'll pay to make the switch. Some folks refinance to lower their monthly payment. Others use it to shorten their loan term and build equity faster. And some tap into home equity they've built to fund other goals. The math changes based on how long you plan to stay in your home, your current loan terms, and what you're trying to achieve. That's why it pays to look at your specific situation instead of just chasing headlines about rate moves. Let's talk through whether a refinance makes sense for your goals right now.
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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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