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Mortgage Market Update
My Mortgage Company
Madden Sewer & Drain
Tuesday, October 20, 2026
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Does refinancing make sense right now? |
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Refinancing gets a lot of attention, but it's not always the right choice. Let me break down when it actually works in your favor.
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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 Basics
When refinancing actually makes sense
Refinancing isn't always the right move—even when rates look attractive. The real question is whether the savings over time outweigh the costs and effort involved. Your break-even point depends on how long you plan to stay in your home, what you'd pay in fees, and how much your payment would actually drop. Some people benefit immediately; others find it makes more sense to wait. That's why a straightforward conversation about your specific situation beats any rule of thumb. I can walk through the numbers with you—no pressure, just clarity. If refinancing makes sense for your goals, great. If it doesn't, we'll know that too. Let's talk through whether a refinance pencils out for you.
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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
Madden Sewer & Drain
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