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Mortgage Market Update
My Mortgage Company
Daniel Metri's Account
Tuesday, October 20, 2026
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Should you refinance right now? |
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Refinancing seems tempting when rates move, but it's not always the right call. Let me help you figure out whether it makes sense for you.
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether the math works for your situation. A lower rate sounds great, but you'll reset your loan term and pay closing costs, so you need to stay in the home long enough to recover that expense. Sometimes a shorter loan term saves you money on interest. Sometimes staying put with what you have is the smarter play. I help borrowers run the numbers honestly—not to push a deal, but to show them what actually pencils out for their timeline and goals. If you're wondering whether refinancing makes sense for you, let's talk through your specific numbers.
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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
Daniel Metri's Account
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