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Mortgage Market Update
My Mortgage Company
One Stop Financial Group
Tuesday, October 20, 2026
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When does refinancing actually pay off? |
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Life changes, and so do mortgage opportunities. This week, let's talk about when it might be worth reconsidering your loan.
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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 make sense to refinance?
Refinancing isn't one-size-fits-all, and it's not always about chasing the lowest rate. Sometimes it makes sense to refinance to shorten your loan term, switch from an adjustable to a fixed rate, or tap into your home's equity for a major expense. Other times, the costs of refinancing outweigh the benefits, and staying put is the smarter move. The real question is whether your situation has changed—your credit, your income, your goals, or the rate environment itself. I'm here to walk through the numbers with you and help you figure out if refinancing actually works for your specific circumstances. Reach out if you'd like to explore whether refinancing 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
One Stop Financial Group
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