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Mortgage Market Update
My Mortgage Company
Paul Isaacson
Tuesday, October 20, 2026
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Should you refinance? The real answer |
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Refinancing can be a smart money move, but only under the right conditions. Let me break down how to tell if it's worth your time.
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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 Timing
When a refi makes sense (and when it doesn't)
Refinancing isn't one-size-fits-all, and it's not always the move—even when rates drop. The real question isn't just whether rates have moved, but whether the math works for your situation. If you're planning to stay in your home long enough to recoup the cost of refinancing, a lower rate can genuinely reduce what you pay over time. But if you're thinking of moving soon, or if you're happy with your current payment and loan terms, refinancing might just add unnecessary steps. The best way to know is to run the numbers with your specific loan, timeline, and goals in mind. That's where I come in. Let's talk through whether refinancing makes sense for you right now.
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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
Paul Isaacson
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