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Mortgage Market Update
My Mortgage Company
Kris Wootton
Tuesday, October 20, 2026
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Should you refinance? Let's do the math |
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Not every rate move is a reason to refinance. Here's how to know if it's worth your time and money.
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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 look attractive. The real question is whether the long-term benefit justifies the closing costs and time involved. Some people benefit immediately; others need to stay in their home longer to break even. A few key things matter: how long you plan to stay, what your current rate is, and how much you owe. If you're on the fence, it's worth running the actual numbers instead of guessing. I can walk you through the math in about fifteen minutes—no obligation—and tell you straight whether it makes sense for your situation. Let's talk about whether a refi pencils out 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
Kris Wootton
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