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Mortgage Market Update
My Mortgage Company
Bryan Canar
Tuesday, October 20, 2026
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Should you refinance right now? |
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Refinancing sounds simple in theory. In practice, it's worth a closer look before you decide.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question isn't just whether rates have dropped—it's whether the change is significant enough to justify the time and cost involved in a new loan. Some people see a small rate dip and jump at it; others wait too long and miss the window entirely. The sweet spot depends on your loan balance, how long you plan to stay in the home, and your personal financial picture. I've seen borrowers save real money by refinancing, and I've also seen people spend money to chase savings that never materialized. The difference usually comes down to running the actual numbers for your specific situation, not just reacting to headlines. That's where having a real conversation helps—no obligation, just clarity on what makes sense for you. If you're curious whether refinancing could work for you, let's talk through the specifics.
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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
Bryan Canar
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