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Mortgage Market Update
My Mortgage Company
Test Rey Magz
Tuesday, October 20, 2026
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When refinancing actually pays off |
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Mortgage rates move constantly, and it's natural to wonder whether you should act. But the smartest move isn't always the fastest one.
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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 a rate drop actually makes sense
Not every rate decrease is a signal to refinance. The real question is whether the monthly savings justify the time and cost of refinancing. Some people break even quickly; others find it takes years. It depends on your loan balance, how long you plan to stay in the home, and what rates look like today versus what you locked in before. I've worked with borrowers who saved money refinancing and others who were better off staying put—and the difference often came down to doing the math first rather than chasing the rate. If you're curious whether refinancing pencils out for your situation, I'm happy to walk through the numbers with you. Let's chat about whether refinancing makes sense for your specific loan and timeline.
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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
Test Rey Magz
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