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Mortgage Market Update
My Mortgage Company
Jason Brown
Tuesday, October 20, 2026
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Does refinancing make sense right now? |
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A lot of homeowners ask me whether they should refinance. The honest answer: it depends on your goals and timeline.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift in your favor. The math depends on how long you plan to stay in your home, what you'd pay in closing costs, and whether a lower rate actually saves you money over time. Some people refinance to shorten their loan term or switch from adjustable to fixed. Others tap equity for major repairs or consolidation. The key is running the actual numbers for your situation—not just looking at the rate alone. If you're wondering whether it's worth exploring, I'm happy to walk through what a refinance would look like for you and whether the numbers work. Reach out if you'd like to see whether refinancing could benefit your specific 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 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
Jason Brown
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