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Mortgage Market Update
Bradley Crowe
Bradley Crowe
Tuesday, October 20, 2026
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Does refinancing make sense right now? |
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Some weeks I get questions about whether it's the right time to refinance. The answer usually depends on your specific circumstances, not just the bigger picture.
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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 refinancing makes sense—and when it doesn't
Refinancing isn't a one-size-fits-all move. Some borrowers benefit from lower rates or shorter loan terms. Others find that closing costs and the time it takes to break even don't justify the switch. The real question is: will you stay in your home long enough to recoup those upfront costs through your monthly savings? A refinance can also let you tap equity for home improvements, debt consolidation, or other goals—but that's a different calculation. If you're curious whether refinancing could work for your situation, I'm happy to walk you through the numbers and timeline specific to your loan. Reach out if you'd like to explore whether refinancing fits your plans.
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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 Bradley Crowe team any time and we'll walk you through your options. |
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