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Mortgage Market Update
My Mortgage Company
Zenlo Lending
Tuesday, October 20, 2026
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When refinancing actually pays off |
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Refinancing gets a lot of attention, but not every borrower benefits from it. This week, let's look at what actually matters when you're deciding whether to move forward.
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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 it actually make sense to refinance?
Refinancing isn't a one-size-fits-all move. Some borrowers benefit from lower rates or switching loan types. Others find that closing costs and the time it takes to recoup those costs don't align with their plans—especially if they're not staying in the home long. The real question is whether your new loan serves your actual goals: are you lowering your payment, reducing years on the loan, cashing out equity for something important, or locking in stability? The right answer depends entirely on your situation, not on whether rates moved or what your neighbor did. If you're wondering whether refinancing makes sense for you, let's talk through your numbers and timeline.
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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
Zenlo Lending
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