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Mortgage Market Update
My Mortgage Company
Dallas Groves
Tuesday, October 20, 2026
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Should you refinance your mortgage? |
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A lot of homeowners ask me this question, and the answer isn't always yes. Let me break down what actually matters when you're weighing a refinance.
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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 always the right move, even when rates drop or your situation changes. The real question is whether the benefit you'd gain—a lower payment, a shorter loan term, or cash out for a major expense—justifies the time and cost of the process. Sometimes staying put is the smarter choice. I help borrowers think through this honestly, looking at how long you plan to stay in your home, what fees are involved, and what you'd actually save month to month. If you've been wondering whether now is your moment to refinance, I'm happy to run the numbers and give you a straight answer. Reach out anytime you want to talk through whether refinancing fits your goals.
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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
Dallas Groves
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