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Mortgage Market Update
My Mortgage Company
Michael Perlman
Tuesday, October 20, 2026
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Does refinancing make sense right now? |
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Not every mortgage move is the right one for every homeowner. This week I'm breaking down what to consider before you refinance.
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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 Reality
When refinancing makes sense (and when it doesn't)
A lot of people think refinancing is only worth it if rates drop significantly. That's not quite right. The real question is whether your savings over time—after accounting for closing costs and how long you plan to stay in your home—justify the upfront expense. Sometimes a modest rate improvement pencils out beautifully. Other times it doesn't, and that's okay to know. The best way to find out is to run the actual numbers for your specific loan and situation. That's where an honest conversation helps. I can walk you through what a refinance would cost, what you'd save monthly, and how long it takes to break even. Then you decide if it fits your plans. If you're curious whether refinancing might work for you, let's take a look at 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
Michael Perlman
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