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Mortgage Market Update
Frederick Hogan
Frederick Hogan
Tuesday, October 20, 2026
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Should you refinance? It depends. |
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Not every rate move calls for action, and I want to help you figure out what actually makes sense for your situation. Here's what I'm seeing this week.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the long-term benefit outweighs your closing costs and the time you plan to stay in your home. If you're thinking about moving in a few years, refinancing might not pay off. But if you're settling in and rates have shifted meaningfully since you locked your loan, it could be worth a conversation. The math is different for everyone depending on your current loan, how long you've been paying it, and what your new terms would look like. That's where talking through your specific situation makes sense—I can help you run the actual numbers instead of guessing. If you're curious whether refinancing could work for you, let's walk through the details 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 Frederick Hogan team any time and we'll walk you through your options. |
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