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Mortgage Market Update
Stacy Jetton
Edge Home Finance
Tuesday, October 20, 2026
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Does refinancing make sense for you? |
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Not every borrower should refinance, and not every rate move justifies the cost. Let me break down how to know the difference.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look appealing. The math depends on how long you plan to stay in your home, your current loan terms, and what you'd pay in closing costs. Sometimes a rate drop of a quarter point isn't enough to justify the expense. Other times—especially if you're in a higher-rate loan—refinancing can meaningfully lower your monthly payment or shorten your payoff timeline. The key is running the actual numbers for your specific situation, not just looking at whether rates moved. I can walk you through whether a refi makes sense in your case and help you understand the full picture before you decide.
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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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