|
A Note From Cory Hoag
Cory & Crew Updating You!
|
THIS WEEK
Should you refinance your mortgage?
Not every rate move means you should refinance. This week I'm breaking down when it actually makes financial sense.
|
RATE SNAPSHOT · October 16, 2026
|
CONVENTIONAL 30-YR
7.28%
|
FHA 30-YR
7.13%
|
VA 30-YR
6.93%
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%23eeba2b%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23aaa%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(255%2C255%2C255%2C0.08)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23aaa%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=%230f1117&f=12)
Source: Optimal Blue daily mortgage indices via FRED · Informational only
|
|
Refinance Strategy
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 whether rates have dropped—it's whether the numbers work for your situation. Some people benefit from lower payments or a shorter loan term. Others find that closing costs and the time horizon don't pencil out. The break-even point depends on how long you plan to stay in your home, your current loan terms, and what you'd qualify for today. That's why a no-pressure conversation with me matters. I can run the actual math on your loan and show you whether refinancing is genuinely worth it—or whether you're better off staying put.
|
|
Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
|
|
Tips for Homeowners
Year-End Tax & Mortgage Planning
|
|
1.
|
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).
|
|
2.
|
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.
|
|
3.
|
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.
|
|
Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Cory Hoag team any time and we'll walk you through your options.
|
