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Mortgage Market Update
My Mortgage Company
Fully Scale
Tuesday, October 20, 2026
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Does refinancing make sense for you? |
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Not every rate move calls for a refinance. This week I'm breaking down how to know when one is worth considering—and when to sit tight.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question isn't whether rates dropped—it's whether the math works for your situation. Some borrowers benefit right away; others need to stay put. The difference comes down to how long you plan to stay in your home, what your current loan costs, and what new terms would actually be. If you've been wondering whether now is your moment, I'd rather walk through the actual numbers with you than guess. There's no one-size-fits-all answer, and that's exactly why it's worth a conversation. Let's talk through whether refinancing makes sense for your loan and timeline.
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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
Fully Scale
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