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Mortgage Market Update
My Mortgage Company
Jeffrey Thomas Kenney
Tuesday, October 20, 2026
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Is refinancing on your mind? |
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Hi there. This week I want to tackle a question I hear often: when does it actually make sense to refinance?
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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 isn't a one-size-fits-all move. Some borrowers benefit from lower rates or shorter loan terms; others find the timing or costs don't work in their favor. The real question isn't whether rates dropped—it's whether the numbers work for your specific situation and timeline. Things like how long you plan to stay in your home, your current loan balance, and your credit profile all matter. That's why a conversation beats guesswork. I can walk through your loan and help you see if refinancing is worth exploring, or if your money is better spent elsewhere. Let's talk through your options with no pressure or obligation.
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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
Jeffrey Thomas Kenney
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