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Tuesday, October 20, 2026 |
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Mortgage Market Update
Does refinancing make sense for you?
Some weeks bring a question I hear from almost every homeowner: should I refinance? Let's break down when it's actually worth considering.
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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 Timing
When refinancing actually makes sense
A lot of homeowners ask me whether they should refinance, and the honest answer is: it depends on your specific situation. Refinancing can make sense when rates move in your favor, when your credit has improved since you bought, or when you want to tap into your home's equity for a major project. But it's not automatic—there are costs involved, and you need to run the numbers to see if the long-term benefit outweighs what you'd pay upfront. The best time to explore it is before you need the money, so you can decide calmly instead of under pressure. If you've been thinking about it, a simple conversation can help you figure out whether it's the right move for you right now. Let's talk through your options and see if refinancing could work for your goals.
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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 Michael Langille team any time and we'll walk you through your options.
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30 S 7th Ave, Brighton, CO 80601
303-549-1119
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