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Mortgage Market Update
My Mortgage Company
Dan Preston
Tuesday, October 20, 2026
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Does refinancing make sense right now? |
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There's a lot of chatter about refinancing when rates move or life changes. Here's how to know if it's actually worth your time.
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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 Basics
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefit you'd gain—lower monthly payments, shorter loan term, or switching loan types—is worth the cost and time of the process. Sometimes it is. Sometimes you're better off staying put and putting that energy elsewhere. I help borrowers think through this honestly, because what looks good on paper doesn't always make sense for your specific life and timeline. If you've been wondering whether now is your moment to refinance, or if you should wait, let's talk through it together. Reach out if you'd like to explore whether refinancing could work 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 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
Dan Preston
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