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Mortgage Market Update
Christy Wright
Christy Wright
Tuesday, October 20, 2026
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Does refinancing make sense right now? |
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Some of the best financial moves aren't about chasing the latest trend—they're about matching your loan to where you are today. This week I want to walk through when refinancing is actually worth considering.
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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
When does refinancing actually make sense?
A lot of people ask me if they should refinance, and the answer really depends on your situation. If rates have moved meaningfully lower since you closed, or if your credit has improved, refinancing might trim your monthly payment or help you pay off your loan faster. But there are costs involved—closing costs, appraisal fees, title work—so it only makes financial sense if the savings add up over time. The longer you plan to stay in your home, the better the math typically works. I'm happy to run the numbers with you and show you whether refinancing pencils out, or whether staying put makes more sense. Either way, knowing your options puts you in control. Reach out if you'd like to explore whether refinancing is right for you.
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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 Christy Wright team any time and we'll walk you through your options. |
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