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Mortgage Market Update
My Mortgage Company
Michael Rosenblum
Tuesday, October 20, 2026
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Refinancing isn't always the move |
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A lot of homeowners wonder if they should refinance when rates shift. Here's how to know if it's actually worth doing.
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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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Rate Environment
When refinancing makes sense (and when it doesn't)
Refinancing isn't a one-size-fits-all decision. The real question isn't just whether rates have moved—it's whether a new loan actually improves your situation over time. Your break-even point matters: how long you plan to stay in the home, how much you'd pay in closing costs, and what your new payment would be. Sometimes staying put is the smarter play, even if rates look attractive. That's why it's worth running the real numbers instead of guessing. I can walk you through what refinancing would actually mean for your wallet and timeline. Let's talk through whether a refinance makes sense for you 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
Michael Rosenblum
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