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Mortgage Market Update
My Mortgage Company
Melissa Graham
Tuesday, October 20, 2026
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Does refinancing make sense right now? |
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Rates move, and when they do, questions come up. I want to help you decide what's actually worth doing with your mortgage.
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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 good. The real question isn't whether rates have dropped—it's whether the monthly savings will actually offset what you'll pay to refinance. If you're planning to stay in your home long enough to recoup those costs, a refinance can free up cash or shorten your loan term. But if you're thinking of moving in a few years, the math might not work in your favor. The best time to explore this is when rates shift noticeably. I'm happy to walk through the numbers with you and help you figure out if it makes sense for your situation. Let's talk through whether refinancing could work 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
Melissa Graham
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