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Mortgage Market Update
My Mortgage Company
Jamey Santangelo
Tuesday, October 20, 2026
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Does refinancing make sense right now? |
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Rates move, and so do your options. Here's what matters when you're thinking about refinancing your loan.
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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 a lower rate actually makes sense
Not every rate drop is worth refinancing for. The real question is whether your savings over time will outweigh the costs and effort of starting a new loan. This is where an honest conversation matters—I can run the numbers specific to your situation and show you what the break-even point looks like. Some people benefit from refinancing in weeks. Others find it makes more sense to stay put. Both are the right answer, depending on your plans and finances. If you've been curious whether now is worth a closer look, let's talk through it together. Reach out anytime—I'm happy to walk you through whether a refinance pencils out for you.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Jamey Santangelo
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