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Mortgage Market Update
Eddie Gamez
Edge Home Finance LLC
Tuesday, October 20, 2026
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Should you refinance your mortgage? |
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A lot of homeowners ask me the same question: is now a good time to refinance? The honest answer depends on your situation.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't one-size-fits-all. Some people benefit from it; others find it costs more than they save. The decision depends on your current loan terms, how long you plan to stay in your home, and where rates are headed. If you've built equity, improved your credit, or rates have moved in your favor since you bought, refinancing might be worth exploring. But there are costs involved—so the payoff has to be real enough to justify them. The key is doing the math for your specific situation, not just chasing the headline rate. That's where I come in. I can walk through the numbers with you and give you straight talk about whether it makes sense for your circumstances.
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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 Eddie Gamez team any time and we'll walk you through your options. |
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915-706-0950
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