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Mortgage Market Update
Loreana Pachano
Loreana Pachano
Tuesday, October 20, 2026
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Does refinancing make sense for you? |
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Hi there! I've had a lot of conversations lately about refinancing, and I realized not everyone has a clear sense of when it's actually worth doing.
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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 a one-size-fits-all move. Some borrowers save thousands by refinancing into a better rate or loan term. Others refinance to tap equity for a major expense. But refinancing also means closing costs, a new application, and a reset on your loan timeline. The real question is whether the benefit outweighs those upfront expenses—and that math is different for everyone depending on how long you plan to stay in your home, what your current loan looks like, and where rates are relative to when you took out your mortgage. If you've been thinking about whether it might make sense for you, I'd be happy to walk through the numbers. Get in touch and we can talk through whether refinancing could work 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 Loreana Pachano team any time and we'll walk you through your options. |
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