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Mortgage Market Update
My Mortgage Company
Lance Monson
Tuesday, October 20, 2026
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When does refinancing actually pay off? |
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Not every rate move is a reason to refinance. This week, I want to walk through the real factors that determine whether it's worth your time and money.
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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 Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the benefit you'll gain over time outweighs what you'll spend to get there. If you're planning to stay in your home for several years, a refi might pencil out. But if you're thinking of selling or moving soon, the math works differently. The same goes for how much equity you have, your credit profile, and how much longer you want to carry the loan. I'd rather walk through your situation honestly than push you toward something that doesn't serve your goals. Let's talk through whether refinancing makes sense for where you are right now.
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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
Lance Monson
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