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Mortgage Market Update
Matt Combs
Mortgage Pro
Monday, October 19, 2026
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Does refinancing make sense right now? |
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Rates move all the time, and I know that gets your attention. But a rate change alone doesn't mean refinancing is the right call for you.
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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 isn't always the right move, even when rates shift. The real question isn't whether rates have moved—it's whether the math works for your situation. That means looking at how long you plan to stay in your home, what your current loan terms are, and what your new ones would be. Sometimes a lower rate saves you money over time. Sometimes the costs of refinancing outweigh the benefit. I help borrowers walk through this honestly, without pressure, so you can decide what actually serves your goals. If you've been wondering whether now's a good time to take another look at your mortgage, let's talk through the numbers together. Reach out if you'd like to explore whether refinancing makes sense for your home 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 Matt Combs team any time and we'll walk you through your options. |
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