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Mortgage Market Update
Natalie Grant
Natalie Grant
Tuesday, October 20, 2026
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Should you refinance your mortgage right now? |
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A lot of people ask me whether they should refinance. The honest answer is: it depends.
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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 makes sense (and when it doesn't)
Refinancing sounds simple—you replace your current loan with a new one, usually to lower your rate or change your terms. But the math only works if the savings outweigh the costs of closing a new loan. That's why the decision depends on your specific situation: how long you plan to stay in the home, what your current rate is, and what's available now. Some people refinance to shorten their loan term and pay off their home faster. Others do it to tap into equity for a major expense. The key is running real numbers with someone who knows your full picture, not just chasing a headline rate. I'm happy to walk through whether it makes sense for you—no pressure, just clarity. Reach out if you'd like to explore whether a refinance could work for your goals.
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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 Natalie Grant team any time and we'll walk you through your options. |
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