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Mortgage Market Update
Ryan Nelson
Barrett Financial Group
Tuesday, October 20, 2026
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When refinancing actually pays off |
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Hi there. Life changes—and sometimes your mortgage should too. Let me walk you through how to know if refinancing is worth your time.
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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
When does it actually make sense to refinance?
A lot of people ask whether they should refinance, and the answer depends on your specific situation—not just the rate environment. If your financial life has changed since you closed (better credit score, more equity, different timeline), a refinance might open doors you didn't have before. It could lower your payment, shorten your loan term, or help you tap equity for a major expense. The catch is that refinancing has costs, so the benefit has to be real enough to justify them. That's where a conversation with me comes in. I can look at your current loan, run the actual numbers for your situation, and tell you whether it pencils out or whether waiting makes more sense.
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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 Ryan Nelson team any time and we'll walk you through your options. |
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2701 E Insight Way Suite 150 Chandler, AZ 85286
NMLS# 211828 · Company NMLS# 181106
480-861-7841 | https://ryannelson.theradcrm.com/
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