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Mortgage Market Update
John Kunkel
John Kunkel
Tuesday, October 20, 2026
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Should you refinance your mortgage? |
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Hi there. This week I'm covering a question I hear often: when is the right time to refinance?
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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 does refinancing actually make sense?
Refinancing isn't a one-size-fits-all move—it works best when the numbers and your situation line up the right way. Some borrowers refinance to lower their rate, others to shorten their loan term or tap into equity. The key is understanding what you're trying to accomplish and whether the benefits outweigh the costs involved. If you've been in your home a while, your credit has improved, or rates have shifted meaningfully, it might be worth a conversation. I can walk through your specific loan and help you see whether refinancing makes financial sense for you. Curious if refinancing could work for you? Let's talk through your options.
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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 John Kunkel team any time and we'll walk you through your options. |
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