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Mortgage Market Update
Rafi Hatamian
Phast Funding
Tuesday, October 20, 2026
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When a lower rate isn't worth it |
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Hi there—I wanted to share something I see often: borrowers who are excited about refinancing without knowing whether it'll actually help them.
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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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Smart Refinancing
When refinancing costs more than it saves
Refinancing isn't always the right move, even when rates look attractive. The real question isn't whether rates have dropped—it's whether the savings will outweigh what you'll pay to refinance. Closing costs, application fees, and the time it takes to break even all matter. Sometimes staying put makes more financial sense, especially if you're planning to move or sell within a few years. I help borrowers do the math so they're not just chasing a lower rate, but actually coming out ahead. If you've been thinking about refinancing, let's talk through the actual numbers for your situation. Reach out and we can run the numbers together to see if refinancing makes sense 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 Rafi Hatamian team any time and we'll walk you through your options. |
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(310) 849-1450
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