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Mortgage Market Update
Lynnsy Hamilton-Obert
Lynnsy Obert
Tuesday, October 20, 2026
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Refinancing means more than lower rates |
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Hi there. I'm thinking about the borrowers I know who refinanced but didn't realize all their options beforehand.
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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 Basics
Refinancing isn't just about rates
When people think about refinancing, they usually think about lowering their interest rate. But a rate drop isn't the only reason to refinance. Some borrowers refinance to shorten their loan term, pay off their mortgage faster, or switch from an adjustable rate to a fixed one for peace of mind. Others use a refinance to tap equity for a major expense or consolidate debt. The right move depends entirely on your situation and goals. If you've been in your home for a while or your circumstances have changed, it's worth a conversation. I can walk you through what makes sense for you. Let's talk about whether refinancing could work for your situation.
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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 Lynnsy Hamilton-Obert team any time and we'll walk you through your options. |
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