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Mortgage Market Update
Stacy Jetton
Edge Home Finance
Tuesday, October 20, 2026
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Does refinancing pencil out for you? |
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A lot of homeowners ask whether they should refinance, but they're not always sure what to look for. Here's what actually matters when you're deciding.
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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 Reality
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 dropped—it's whether the math works for your specific situation. Some borrowers benefit from a lower rate within months. Others need years to break even on closing costs. And some are better off staying put. The variables are your current loan term, how long you plan to stay in your home, and what you'd owe to refinance. I run the numbers for borrowers all the time, and the answer is often clearer than people expect once we look at the actual details. If you've been wondering whether it's worth exploring, let's talk through it together. There's no obligation—just honest math.
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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 Stacy Jetton team any time and we'll walk you through your options. |
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404-431-8843 | https://www.JetLoan.com
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