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Mortgage Market Update
Giovanni Acosta
Giovanni Acosta
Tuesday, October 20, 2026
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Does refinancing make sense for you right now? |
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A lot of homeowners ask me the same question: should I refinance? The answer isn't always obvious, and it shouldn't be rushed.
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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 Readiness
When does refinancing actually make sense?
Refinancing sounds like a silver bullet, but it's not always the right move. The truth is, it depends on your situation—how long you plan to stay in your home, what your current rate is, and what rates are doing right now. Some people benefit from a refi within months; others never need one. The key is understanding what you're trying to accomplish. Are you lowering your monthly payment? Shortening your loan term? Pulling out equity for a home project? Each goal matters, because each one changes the math differently. If you've been wondering whether now is your moment, let's talk through it together. I can walk you through what makes sense for your specific circumstances.
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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 Giovanni Acosta team any time and we'll walk you through your options. |
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120 Kisco Ave Suite T, Mount Kisco, NY 10549
www.homepluscapital.com
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