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Mortgage Market Update
Jaime Reyes
Reyes Home Lending
Tuesday, October 20, 2026
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Does refinancing actually pay off for you? |
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Sometimes the smartest move is doing nothing. Other times, a refinance can save you real money over time. Here's how to tell the difference.
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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
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether the benefit you'd gain justifies the cost of closing and the time you'd spend in the process. Sometimes you break even in a few years and it's worth it. Sometimes you'd need to stay in your home much longer to come out ahead. The right answer depends on your specific loan, how long you plan to stay, and what you're trying to accomplish—lower payments, a different loan term, or pulling out equity for something important. I can walk through the real numbers with you and show you whether refinancing pencils out for your situation. If you're curious whether refinancing makes financial sense right now, let's talk.
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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 Jaime Reyes team any time and we'll walk you through your options. |
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Fort Collins, CO
(307)871-0606 | www.reyeshomelending.com
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