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Mortgage Market Update
Eric Halverson
Eric Halverson
Tuesday, October 20, 2026
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Should you refinance right now? |
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A lot of people ask me whether now is a good time to refinance. The honest answer depends entirely on your own timeline and goals.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question isn't whether rates dropped—it's whether the numbers work for your situation. You'll want to think about how long you plan to stay in your home, what your current loan terms are, and how a new loan would compare. Sometimes a refinance saves you thousands over time. Sometimes you're better off staying put. I see borrowers make the best decisions when they run the actual math instead of chasing headlines. If you're wondering whether it's worth exploring for your loan, I'm happy to walk through what refinancing could look like without any obligation. Curious if refinancing makes sense for you? Let's take a quick look at 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 Eric Halverson team any time and we'll walk you through your options. |
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