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Mortgage Market Update
Amy Oliverio
Amy Oliverio
Tuesday, October 20, 2026
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Does refinancing make sense right now? |
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One of the questions I hear most often is whether it's time to refinance. The answer depends on your specific situation, not just what's happening with rates.
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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
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question isn't whether rates have changed—it's whether a new loan will actually improve your situation. Some people benefit from lower payments or a shorter loan term. Others find that closing costs and the time it takes to break even don't make the math work. The smartest move is to run the actual numbers on your specific loan: compare what you're paying now against what you'd pay with a new one, factor in how long you plan to stay in your home, and honestly assess whether the savings justify the effort. I'm here to walk through that analysis with you whenever you're curious. If you'd like to explore whether refinancing could work for you, let's talk.
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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 Amy Oliverio team any time and we'll walk you through your options. |
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