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Mortgage Market Update
My Mortgage Company
Mackenzie Paquette
Tuesday, October 20, 2026
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Does refinancing make sense right now? |
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When rates move, refinancing questions come up fast. But moving forward on a refi without understanding the full picture can lead to wasted time or money.
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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 isn't whether rates have dropped—it's whether the change is big enough to justify the time and cost of refinancing. Some people break even in a few months; others need years. It depends on how long you plan to stay in your home, what you owe, and how much you'd pay upfront. A quick conversation can help you figure out if the math works for your situation. If it does, great. If it doesn't, that's valuable information too. If you're wondering whether refinancing makes sense for you, I'd be happy to walk through the numbers.
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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
Mackenzie Paquette
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