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Mortgage Market Update
Kevin Lyons
Kevin N Lyons
Tuesday, October 20, 2026
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Should you refinance your mortgage right now? |
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Thinking about refinancing? It's a smart question to ask, but the answer isn't one-size-fits-all. Here's what you need to consider.
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether the savings over time justify the costs and effort of a new loan. Some borrowers benefit immediately; others break even only after a few years. Your timeline matters—if you plan to move or pay off your home soon, refinancing might not pencil out. Others use a refi to shorten their loan term, tap equity for a major expense, or lock in a better rate. The best way to know if it makes sense for your situation is to run the actual numbers. I'm here to help you see the real picture and decide if now is the right time for you. Let's talk through whether refinancing could work for your goals.
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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 Kevin Lyons team any time and we'll walk you through your options. |
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