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Mortgage Market Update
Nicole Strong
Nicole Strong
Tuesday, October 20, 2026
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Does refinancing make sense for you? |
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A lot of homeowners wonder if they should refinance but aren't sure how to decide. Let me break down what actually matters when you're weighing that choice.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look appealing. The real question is whether the benefit you'd gain over time outweighs what it costs to refinance. Some people save significantly; others find the math doesn't work in their favor. It depends on how long you plan to stay in your home, your current loan terms, how much you still owe, and what rates are available to you right now. I help borrowers run these numbers because the decision should be based on your specific situation, not just headlines about rates moving. If you've been thinking about it, let's talk through whether refinancing would actually put you ahead. I'm happy to walk you through a refinance scenario anytime.
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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 Nicole Strong team any time and we'll walk you through your options. |
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