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Mortgage Market Update
My Mortgage Company
Christopher Larson - Realtor
Tuesday, October 20, 2026
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Should you consider refinancing right now? |
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There's a lot of noise out there about refinancing. I want to help you figure out if it's actually right for you.
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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 does it make sense to refinance?
Refinancing isn't a one-size-fits-all move—it depends on your situation, how long you plan to stay in your home, and what's happening with rates. Some people refinance to lower their payment, others to shorten their loan term or tap into equity for home improvements. The key is understanding what you're really after and whether the math works in your favor. If you're curious whether refinancing could help you reach a specific goal—whether that's monthly savings, building wealth faster, or freeing up cash—let's talk through it together. I can walk you through what's realistic for your loan and circumstances. Reach out if you'd like to explore whether refinancing makes sense for your situation.
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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
Christopher Larson - Realtor
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