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Mortgage Market Update
My Mortgage Company
Erica Portillo-Nuno
Tuesday, October 20, 2026
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Reasons to refinance beyond lower rates |
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Sometimes the smartest money moves aren't the ones everyone talks about. This week, I want to share what often gets overlooked when people think about refinancing.
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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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Refinance Strategy
Refinancing isn't just about rates
A lot of people think refinancing only makes sense if rates drop significantly. But there are other reasons to refinance that have nothing to do with what rates are doing. You might refinance to shorten your loan term, switch from an adjustable rate to a fixed one for peace of mind, consolidate debt, or tap into equity for a home improvement. Sometimes the real win isn't a lower payment—it's a better fit for where you are now. If you've been in your home a few years and your situation has changed, it's worth a conversation. I can walk through your options and help you figure out whether refinancing makes sense for your goals. Let's talk about whether refinancing could work for you right now.
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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
Erica Portillo-Nuno
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