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Mortgage Market Update
Natalie Weaver
Natalie Weaver
Tuesday, October 20, 2026
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Should you refinance your mortgage right now? |
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Good morning. I get asked this question at least once a week, so I thought I'd break it down for everyone.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates shift. The real question is whether the long-term benefit outweighs what you'll pay upfront. Some people refinance to lower their monthly payment, others to shorten their loan term, and some to tap into home equity for a major expense. The math changes for everyone depending on how long you plan to stay in your home and what your current loan looks like. If you've been wondering whether now is the time to make a change, I'd love to walk you through your specific numbers and show you what refinancing could actually do for your situation — no pressure, just clarity. Let's talk through whether refinancing makes sense 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 Natalie Weaver team any time and we'll walk you through your options. |
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