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Mortgage Market Update
My Mortgage Company
Brandon Huynh
Tuesday, October 20, 2026
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Should you refinance? Here's how to know |
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Refinancing your mortgage isn't always the right answer—even when rates move. This week I'm sharing 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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Refinancing Strategy
When refinancing makes sense (and when it doesn't)
A lot of people ask me whether they should refinance, and the answer really depends on your situation. Refinancing can lower your monthly payment, shorten your loan term, or help you tap into equity—but it only makes sense if the benefit outweighs the costs and effort involved. The math changes based on how long you plan to stay in your home, where rates are relative to your current loan, and what your credit and equity look like right now. Sometimes holding your current mortgage is the smarter move. I'm happy to walk through the numbers with you and help you decide what actually makes sense for your goals, not just what sounds good in theory. Let's talk through whether refinancing could work for you.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Brandon Huynh
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