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Mortgage Market Update
My Mortgage Company
Hargrave Home Loans
Tuesday, October 20, 2026
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Should you refinance right now? |
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Sometimes the smartest money move is doing nothing. Other times, it's timing a refinance well. Let me walk you through how to tell the difference.
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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 refinancing actually make sense?
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the monthly savings (or other benefit—like shortening your loan term) justify the cost and time involved in applying and closing. If you're staying in your home long enough to recoup those costs through lower payments, it can be worth it. If you're planning to move in a few years, the math might not work. I help borrowers think through their specific situation—whether they're chasing a rate drop, wanting to tap equity, or looking to speed up payoff. There's no one-size-fits-all answer, which is why a honest conversation beats a generic calculator. Let's talk through whether refinancing makes sense for your goals.
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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
Hargrave Home Loans
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