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Mortgage Market Update
Christian Harris
Christian Harris
Tuesday, October 20, 2026
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Does refinancing make sense for you? |
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Sometimes I hear from clients wondering whether they should refinance. The answer depends on more than just the rate.
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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, ideally on better terms. But "better" depends on your situation. A lower rate might let you shrink your monthly payment or shorten your loan term. Rising rates, on the other hand, usually make refinancing less attractive. The real question is whether the benefit you'd gain covers the cost of refinancing itself. Some people benefit in a few months; others need years to break even. That's why it pays to run the actual numbers before you decide. I'm here to help you figure out whether it makes sense for you. Reach out anytime — I can walk you through your options with no pressure.
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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 Christian Harris team any time and we'll walk you through your options. |
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