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Mortgage Market Update
My Mortgage Company
Tyler Croft
Tuesday, October 20, 2026
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Is refinancing worth it for you right now? |
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Hi, I wanted to talk this week about one of the questions I hear most often. There's a lot of confusion out there about when refinancing actually makes financial sense.
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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 Strategy
When does refinancing actually make sense?
A lot of people assume refinancing only makes sense when rates drop significantly. But the truth is more nuanced than that. Refinancing can help even when rates haven't moved much if your situation has changed — maybe your credit has improved, your home has gained value, or you want to shorten your loan term. The key is looking at the whole picture: how long you plan to stay in the home, what your costs are, and what you'd actually save. It's not always the right move, but it's always worth a real conversation. If you've been wondering whether it's the right time for you, I'd be happy to walk through the numbers. Let me know if you'd like to explore whether refinancing could work for your situation.
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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
Tyler Croft
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