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Mortgage Market Update
My Mortgage Company
Tom Rydberg
Tuesday, October 20, 2026
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Refinancing might be worth a second look |
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Some weeks, the smartest move is staying put. Other weeks, a change makes real sense.
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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 it makes sense to refinance your mortgage
Refinancing isn't always the right move, but it can be worth considering if your situation has changed since you closed your loan. Maybe rates have shifted in a way that improves your numbers. Maybe your credit has strengthened, your income has grown, or you've paid down enough principal that your loan-to-value ratio works in your favor. Even small improvements can add up over the life of your loan. The key is looking at the full picture: what it costs to refinance versus what you'd actually save, and how long you plan to stay in your home. I help borrowers run these numbers all the time, and sometimes the answer is "not yet" — and that's honest guidance worth having. If you're curious whether refinancing could work for you, let's talk through your options.
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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
Tom Rydberg
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