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Mortgage Market Update
My Mortgage Company
Stephanie Carman
Tuesday, October 20, 2026
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When refinancing actually pays off |
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Rates move every week, and I get questions about refinancing just as often. Here's what I've learned matters most.
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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 a lower rate actually makes sense
Not every rate drop is worth refinancing. When rates move, the math changes — sometimes refinancing saves you real money over time, and sometimes the costs outweigh the benefit. The key is looking at how long you plan to stay in your home and what your new payment would actually be. I help borrowers run the actual numbers so you can see if a refinance makes sense for your specific situation, rather than just chasing the headline rate. If you've been wondering whether now is the right time, let's talk it through. Reach out if you'd like to explore whether refinancing 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 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
Stephanie Carman
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