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Mortgage Market Update
Colt Lending Powered by Edge Home Finance
Colt Lending Powered by Edge Home Finance
Tuesday, October 20, 2026
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Refinancing: worth it or not? |
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Hi there. This week I want to talk about one of the questions I hear most often: Should I refinance my mortgage?
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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
When a refi makes sense (and when it doesn't)
Refinancing isn't automatically the right move just because rates shift. The real question is whether the money you'd save on your monthly payment (or over the life of the loan) outweighs the costs to refinance. Sometimes it does. Sometimes it doesn't—and that's okay. A lot depends on how long you plan to stay in your home, what your current rate and loan term are, and what you'd be moving into. That's why a straight conversation about your specific situation matters more than any rule of thumb. If you've been wondering whether a refi could work for you, I'm happy to walk through the math without any 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 Colt Lending Powered by Edge Home Finance team any time and we'll walk you through your options. |
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112 Queen Anne Dr, Leander, TX 78641
(682) 270-9245 | https://coltlending.com/
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