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Mortgage Market Update
My Mortgage Company
Peter Denning
Tuesday, October 20, 2026
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Refinancing might not be for everyone right now |
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Hi there. Rates shift, and with them come questions about whether you should refinance 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 attractive. The real question isn't whether rates have moved, but whether the cost to refinance makes financial sense for your specific situation and timeline. If you're planning to stay in your home for several more years, refinancing might lower your monthly payment or shorten your loan term. But if you're thinking of moving soon, the upfront costs might not pay back in time. The break-even point is different for everyone. That's why it's worth having a conversation: we can walk through your numbers, show you what refinancing would actually cost, and help you decide if it's worth doing now or waiting. No obligation, just clarity. If you're curious whether refinancing could work for you, let's talk through the numbers.
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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
Peter Denning
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