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Mortgage Market Update
My Mortgage Company
Chandler Robbins
Tuesday, October 20, 2026
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Refinancing or staying put? |
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I get asked this question often, and the answer isn't always a quick yes. Here's how to think about it.
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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 does refinancing actually make sense?
A lot of homeowners ask me whether they should refinance, and the honest answer is: it depends on your situation. Refinancing isn't always the right move, even if rates shift in your favor. The main things to weigh are how long you plan to stay in your home, what your current loan terms are, and whether the potential benefit outweighs the costs involved. Sometimes staying put with your existing mortgage is the smarter choice. The best way to know what makes sense for you is to run the numbers with someone who knows your full picture—not just the headlines. If you've been wondering whether refinancing is worth exploring, I'd be happy to walk through your options.
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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
Chandler Robbins
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