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Mortgage Market Update
Chris Bice Chris Bice
Chris Bice
Tuesday, October 20, 2026
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Does your mortgage still fit? |
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Every borrower's needs change over time. This week, let's talk about whether your current loan is still working as hard as it could be 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 Strategy
When your old rate stops working for you
Your mortgage is a living thing — it can change with your life. If you locked in a rate years ago, you might not realize how your situation has shifted. Maybe rates have moved in your favor. Maybe you've paid down principal, built equity, or improved your credit. Maybe you want to shorten your loan term or tap into what you've built. Refinancing isn't just about chasing a lower rate; it's about making sure your loan still fits who you are and what you need right now. The only way to know if a refinance makes sense is to run the real numbers. Let's talk about whether your current mortgage is still the right fit. Reach out if you'd like to explore what refinancing might look like for your situation.
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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 Chris Bice Chris Bice team any time and we'll walk you through your options. |
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