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Mortgage Market Update
Dunn Mortgage Team
Dunn Mortgage Team
Tuesday, October 20, 2026
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Should you refinance right now? |
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There's a lot of talk about refinancing, but the real answer depends on your situation. Here's how to think about it.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
6.90%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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 or your situation changes. The real question isn't whether you can refinance, but whether the benefits outweigh the costs and time involved. If you've built equity, improved your credit, or want to adjust your loan term, refinancing might work. But if you're planning to move soon or the numbers don't pencil out, staying put is often smarter. I help borrowers run the math honestly so they know what to expect before moving forward.
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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 Dunn Mortgage Team team any time and we'll walk you through your options. |
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3111 Camino Del Rio North San Diego, CA 92108
619.815.3366 | http://www.PatrickDunnTeam.com
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