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Mortgage Market Update
My Mortgage Company
Xpert Home Lending
Tuesday, October 20, 2026
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Does refinancing make sense for you? |
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There's a lot of noise out there about when to refinance. Let me cut through it and help you figure out if it's actually 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 Basics
When refinancing actually makes sense
A lot of people ask me whether they should refinance, and the honest answer is: it depends on your situation. Refinancing isn't always the right move, even when rates shift. The math needs to work for you personally—your timeline, how long you plan to stay in the home, and what you'd actually save matter more than the rate alone. Some folks benefit immediately; others need to stay put longer for it to pay off. That's why I always recommend a real conversation about your specific numbers and goals before making any decision. If you've been wondering whether refinancing is right for you, let's talk through your numbers together.
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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
Xpert Home Lending
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