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Mortgage Market Update
My Mortgage Company
Future Home Loans
Tuesday, October 20, 2026
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Should you think about refinancing? |
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Hi there. I want to talk about one of the questions I hear most often from homeowners.
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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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Refinance Readiness
When it makes sense to revisit your mortgage
A lot of people ask me: should I refinance? The honest answer is that it depends on your situation right now. If rates have moved meaningfully lower than what you locked in, refinancing might let you lower your payment or shorten your loan term. But there are costs involved—appraisals, fees, closing costs—so the math only works if you plan to stay in your home long enough to recoup those expenses. Some folks don't realize they might qualify for better terms now than they did at purchase, whether because their credit has improved, their income is stronger, or their equity position is different. Even if you don't refinance, it's worth understanding your options. Let's sit down and run the actual numbers for your loan—no obligation.
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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
Future Home Loans
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