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Mortgage Market Update
My Mortgage Company
Andrea Twyman
Tuesday, October 20, 2026
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Refinancing isn't always worth it—here's why |
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Some of the most common questions I hear are about refinancing. Let me share what actually matters when you're deciding whether to do it.
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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 look attractive. The real question is whether the benefit you'd gain over time justifies the cost of closing a new loan. Some borrowers break even quickly; others find it takes years. Your loan's age, how long you plan to stay in your home, and your current rate all matter. I help clients run the actual numbers so they know what to expect instead of guessing. If you've been wondering whether now is the moment to refinance, let's talk through your specific situation. There's no obligation—just clarity. Reach out and we can look at whether refinancing pencils out 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
Andrea Twyman
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