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Mortgage Market Update
My Mortgage Company
Guy Campbell
Tuesday, October 20, 2026
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Should you reconsider your mortgage? |
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Life changes, and so do your financial priorities. Sometimes that means your current mortgage deserves a second look.
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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 a one-size-fits-all move, and it's not always the right call just because rates shift. The real question is whether the change improves your financial picture over time—lower monthly payments, a shorter loan term, or access to your home's equity for something important. But refinancing costs money upfront, so it only pencils out if you'll stay in the home long enough to recoup those fees. I work with borrowers to map out whether refinancing actually serves their goals, or whether waiting makes more sense. If you're wondering whether your situation has changed enough to take another look at your loan, that's exactly what I'm here to help you figure out. Let's review your current situation and see if refinancing deserves a second thought.
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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
Guy Campbell
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