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Mortgage Market Update
My Mortgage Company
Bo Grant
Tuesday, October 20, 2026
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Does refinancing make sense right now? |
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Refinancing gets a lot of buzz, but it's not always the right call. Here's what actually matters when you're deciding whether to do it.
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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 does refinancing actually make sense?
I talk to homeowners all the time who wonder if they should refinance. The answer isn't always yes—and that's the honest truth. Refinancing makes the most sense when your situation has genuinely changed: maybe rates have moved meaningfully lower, your credit has improved, or you want to adjust your loan term. But refinancing also comes with costs, so it only pencils out if you plan to stay in your home long enough to recoup them. The math is different for everyone, which is why a straightforward conversation beats guessing. I'm happy to walk through your specific numbers and help you decide if it's the right move—or if holding tight is smarter right now. Let's talk through whether refinancing makes sense for your situation.
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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
Bo Grant
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