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Mortgage Market Update
My Mortgage Company
Michael Vazquez
Tuesday, October 20, 2026
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Does refinancing make sense for you right now? |
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A lot of homeowners wonder whether they should refinance, but the answer depends on your specific circumstances. Let me break down what actually matters.
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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 does refinancing actually make sense?
Refinancing isn't always the right move—even when rates drop. The real question is whether the monthly savings will outweigh the costs and time it takes to close a new loan. Some borrowers benefit immediately; others need to stay put a while longer before it pencils out. The math depends on your current rate, how long you plan to stay in your home, and what you owe. If you've been thinking about refinancing but aren't sure whether now is your moment, I'd like to walk through the numbers with you. There's no one-size-fits-all answer, and that's exactly why it's worth a conversation. Let's talk through whether refinancing makes sense for your situation.
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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
Michael Vazquez
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