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Mortgage Market Update
My Mortgage Company
Christian Best
Tuesday, October 20, 2026
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Should you refinance right now? |
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Hi there. A lot of borrowers ask whether now is a good time to refinance. The answer depends on a few factors specific to you.
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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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Refinance Strategy
When it makes sense to refinance your mortgage
Refinancing isn't one-size-fits-all, and it's not always the right move. The real question is whether the benefit outweighs what you'll pay to make the switch. That means looking at your interest rate compared to today's market, how long you plan to stay in your home, and the closing costs involved. Sometimes a refinance pencils out in months. Other times, it takes years to break even — and if you're planning to move or pay off the loan sooner, it might not make sense at all. The best approach is running the actual numbers for your specific situation rather than guessing. I'm happy to walk through the math with you and show you whether refinancing could work in your favor. Let's talk through your refinance options and see what makes sense for your timeline.
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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
Christian Best
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