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Mortgage Market Update
Your Lender Erin
Xpert Home Lending
Monday, October 19, 2026
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When does refinancing actually pay off? |
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Rates move every week, and when they do, I hear from clients wondering whether to refinance. Here's how to tell if it's 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 Strategy
When a rate drop is actually worth the effort
Not every interest rate change means you should refinance. There's a real cost to closing a loan—appraisal, title work, processing fees—and it takes time. That's why the math matters. If rates move enough to meaningfully lower your monthly payment or shorten your timeline to payoff, refinancing can make sense. But if the movement is small, you might come out ahead just staying put. The key is looking at your full picture: how long you plan to stay in the home, the current balance on your loan, and what lenders are actually offering right now. I'm happy to run the numbers with you—no obligation—so you can see whether a refinance pencils out for your situation. Reach out and we can walk through whether refinancing makes sense 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 Your Lender Erin team any time and we'll walk you through your options. |
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5103046216 | www.yourlendererin.com
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