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Mortgage Market Update
My Mortgage Company
Clear Path Call Center
Tuesday, October 20, 2026
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Should you refinance your mortgage? |
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I talk with a lot of homeowners who wonder if now's the time to refinance. The honest answer depends on your specific situation.
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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)
Refinancing isn't always the right move, even when rates shift. The math depends on how long you plan to stay in your home, what you'd pay in closing costs, and whether a new loan term actually aligns with your goals. Some people refinance to lower their payment, others to pay off their loan faster or tap equity for a major expense. I help borrowers run the numbers so you can see what refinancing would actually do for your bottom line—not just this month, but over time. If you're wondering whether it makes sense for your situation, I'm happy to walk through the specifics with you. 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
Clear Path Call Center
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