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Mortgage Market Update
Caitlin Garner
Caitlin Garner
Tuesday, October 20, 2026
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Does it make sense to refinance right now? |
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Rates move, and when they do, refinancing questions come up. But moving money around is only worth it if the deal genuinely improves your position.
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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
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question isn't whether rates have moved—it's whether a new loan saves you money over the time you plan to stay in your home. If you're thinking about refinancing, it helps to know what you're actually paying now, how long you plan to keep the house, and what closing costs would be. Sometimes a refinance pencils out beautifully. Sometimes you're better off staying put. I can walk through the math with you and show you whether it makes sense in your situation. No pressure, just clarity. Let's talk through your refinance options and see what the numbers actually say.
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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 Caitlin Garner team any time and we'll walk you through your options. |
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