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Mortgage Market Update
My Mortgage Company
Darryl Bowles
Tuesday, October 20, 2026
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Should you refinance right now? |
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Refinancing sounds simple, but the decision behind it is often more nuanced. Let me break down what matters.
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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)
A lot of people ask me: should I refinance? The honest answer is it depends on your situation. Refinancing can lower your payment, shorten your loan term, or help you tap into equity you've built. But it also involves costs and a new application process. The real question isn't whether rates look good—it's whether the move actually improves your financial position. Sometimes staying put is the smarter choice. If you've been wondering whether now is the right time, I'm happy to walk through the numbers with you. There's no obligation, and it usually takes just a quick conversation to figure out what makes sense for your home and your goals. Let's talk through 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
Darryl Bowles
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