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A Note From Cory Hoag
Cory & Crew Updating You!
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THIS WEEK
Does refinancing make sense right now?
Hi there. This week I want to walk through a question I hear often: when should a homeowner actually consider refinancing?
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RATE SNAPSHOT · October 16, 2026
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CONVENTIONAL 30-YR
7.28%
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FHA 30-YR
7.13%
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VA 30-YR
6.93%
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Source: Optimal Blue daily mortgage indices via FRED · Informational only
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Refinancing Basics
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether the savings justify the costs and time involved. If you've built equity, your credit has improved, or your financial situation has changed, refinancing might lower your payment or shorten your loan term. But it's worth running the actual numbers—sometimes you're better off staying put. I can help you figure out whether it pencils out for your specific situation. There's no pressure here; the goal is clarity so you make the choice that's right for your family.
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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 Cory Hoag team any time and we'll walk you through your options.
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