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Mortgage Market Update
Veronica DeWitt
Barrett Financial
Tuesday, October 20, 2026
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Should you refinance right now? |
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One of the most common questions I hear is whether now's a good time to refinance. Let me walk you through how to think about it.
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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)
A lot of homeowners wonder if refinancing is worth the effort. The honest answer: it depends on your situation. Refinancing can help if rates have moved meaningfully lower than your current loan, or if you want to switch from an adjustable rate to a fixed one for peace of mind. It also makes sense if you're carrying high-interest debt elsewhere and want to tap into your home equity strategically. But refinancing isn't free—there are closing costs and a new application process—so it only pencils out if the benefit justifies those expenses. The math is different for everyone. That's why it's worth having a real conversation about whether it fits your goals 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 Veronica DeWitt team any time and we'll walk you through your options. |
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5750 Sunrise Blvd Ste 130 ECitrus Heights, CA 95610
5103968994 | www.dewitthomeloans.com
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