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Mortgage Market Update
Scott Carlin
TrueVet Mortgage
Tuesday, October 20, 2026
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When refinancing actually pays off |
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I talk to a lot of homeowners who think about refinancing but aren't sure if it's the right move. Let me break down what 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 does refinancing actually make sense?
Refinancing isn't a one-size-fits-all move. Some borrowers benefit from lower rates or shorter loan terms. Others use it to tap equity for a major expense or consolidate debt. The key is understanding your own reason for refinancing—and whether the costs align with the benefit you'll actually see. If you're wondering whether it's worth exploring, I'm happy to walk through your specific situation and show you what the numbers look like. There's no pressure, just clarity.
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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 Scott Carlin team any time and we'll walk you through your options. |
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321-364-4461 | https://truevetmortgage.com/
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