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Mortgage Market Update
My Mortgage Company
Kurt Kessler - 2
Tuesday, October 20, 2026
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Should you refinance? It depends. |
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Refinancing gets a lot of attention when rates move, but whether it's actually worth doing depends entirely on your situation. Let me break down what matters.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The real question is whether the savings will outweigh the cost and time involved in getting a new loan. Some people break even in a few months; others need years to come out ahead. It depends on your specific situation—how long you plan to stay in your home, what you owe, and where rates are relative to your current loan. That's why I always recommend running the numbers before you decide. There's no one-size-fits-all answer, but there's a clear answer for you. If you're wondering whether refinancing makes sense for your mortgage, I'd be happy to walk through the math with 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
Kurt Kessler - 2
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