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Mortgage Market Update
James Oldham
James Oldham
Tuesday, October 20, 2026
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Should you think about refinancing? |
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A lot has changed since you got your mortgage—your home, your credit, your goals. Here's what you should know before you make any moves.
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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 it makes sense to refinance your mortgage
A lot of people ask me: should I refinance? The honest answer is, it depends on your situation. Refinancing can make sense if your financial picture has changed—maybe your credit improved, your home gained value, or you want to adjust your loan term. The key is weighing the costs of refinancing against what you'd actually save. Sometimes the math works out great. Other times, staying put is smarter. That's why I always recommend running the numbers before you commit. If you've been thinking about this, I'm happy to walk through what refinancing might look like for you and whether it's worth pursuing. Let's talk about whether refinancing makes sense for your home.
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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 James Oldham team any time and we'll walk you through your options. |
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