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Mortgage Market Update
Johnny DuRocher
Johnny DuRocher
Tuesday, October 20, 2026
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Does refinancing actually pay off for you? |
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A lower rate sounds great in theory. But I've seen plenty of borrowers skip a refi because the math didn't work out in their favor.
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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 Reality
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift in your favor. The real question isn't whether a lower rate exists—it's whether refinancing costs you less over time than staying put. Your current loan balance, how long you plan to stay in the home, and the closing costs involved all factor in. Sometimes a small rate drop doesn't justify the expense. Sometimes it does. The math is personal, not universal. I help borrowers run the real numbers so the decision is clear, not just hopeful.
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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 Johnny DuRocher team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150 Chandler AZ 85286
https://johnnydurocher.theradcrm.com/home
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