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Mortgage Market Update
Joey Rivero
Clear Choice Lending Group
Tuesday, October 20, 2026
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Should you look at your mortgage again? |
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I work with plenty of homeowners who haven't revisited their mortgage since day one. Here's why that conversation is often worth having.
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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 your mortgage deserves a second look
A lot of homeowners sit with the same loan for years without ever checking whether it still makes sense for their situation. Your life changes—your job, your family, your goals—but your mortgage might not have changed with you. That's where a refinance comes in. It's not just about chasing a lower rate; it's about restructuring your loan to match where you are now. Maybe you want a shorter payoff timeline. Maybe you need breathing room in your monthly payment. Maybe you've built equity you'd like to access. The best part is you don't have to wonder if it makes sense—I can walk you through your options without any obligation. Let's talk about whether a fresh look at your mortgage could work for you. Reach out and we can review your current loan together.
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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 Joey Rivero team any time and we'll walk you through your options. |
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