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Mortgage Market Update
My Mortgage Company
Bryce Gosner - MASTER ACCOUNT
Tuesday, October 20, 2026
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Should you refinance your mortgage? |
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Hi there. This week I'm sharing something I get asked about regularly—when and why homeowners decide to refinance.
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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 it makes sense to refinance your mortgage
Refinancing isn't something you have to think about often, but it's worth understanding when it could work in your favor. The main reason people refinance is to lower their monthly payment or shorten their loan term—usually when rates drop or when you've built enough equity to access better terms. But there are other reasons too: switching from an adjustable rate to a fixed one, tapping into equity for a major expense, or consolidating debt. The key is weighing the costs of refinancing against the long-term savings. Not every situation makes sense, and that's okay. If you're curious whether refinancing could benefit you right now, I'd love to walk through your options together. Let me know if you'd like to explore whether refinancing makes sense for your situation.
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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
Bryce Gosner - MASTER ACCOUNT
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