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Mortgage Market Update
My Mortgage Company
Kevin Francis
Tuesday, October 20, 2026
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Should you refinance? Here's how to know |
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A lot of homeowners wonder if refinancing is worth the effort. The answer depends on factors that are unique to you.
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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 Readiness
When it makes sense to refinance your mortgage
Refinancing isn't a one-size-fits-all decision, and it's not something that works for everyone. The right time depends on where rates are, how long you plan to stay in your home, and what your current loan looks like. Some people benefit from lower payments or better terms; others find the timing just isn't right. The key is understanding your own situation instead of chasing rates in isolation. If you've been thinking about it but aren't sure whether the math works out for you, that's exactly what I'm here to help with. A quick conversation can show you whether refinancing moves the needle for your specific goals. Let me walk you through whether refinancing makes sense for your situation right now.
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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
Kevin Francis
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