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Mortgage Market Update
Beau Benjamin
Beau Benjamin
Tuesday, October 20, 2026
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Should you refinance? Here's how to tell |
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I get refinancing questions all the time, and they're always worth thinking through carefully. This week I want to break down when it actually makes sense—and when it doesn't.
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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 refinancing actually makes 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. The real question is whether the change in your monthly payment, closing costs, and how long you plan to stay in your home all line up to benefit you. Some people see an opportunity to shorten their loan term or adjust their rate. Others might be better off staying put. I'm happy to walk through the numbers with you—no pressure, just clarity. It's the kind of conversation that takes maybe twenty minutes and can save you real money (or confirm you're already in the right spot). Let's talk about whether a refinance could work 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 Beau Benjamin team any time and we'll walk you through your options. |
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