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Mortgage Market Update
My Mortgage Company
Amy Libonate
Tuesday, October 20, 2026
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Does refinancing make sense right now? |
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Sometimes the smartest money move is staying the course. Other times, a refinance can meaningfully improve your financial picture. Here's how to know which applies 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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Refinancing Strategy
When it makes sense to refinance your mortgage
Refinancing isn't a one-size-fits-all decision, but there are a few solid reasons homeowners consider it. The most common: rates have moved in a direction that could lower your payment or shorten your loan term. Another reason is tapping into equity you've built to fund a major expense or consolidate debt. Some people refinance to switch from an adjustable rate to a fixed one, locking in stability. The trade-off is always the same—closing costs upfront—so the math has to work over time. That's where a real conversation helps. I can walk you through whether refinancing pencils out for your specific situation, or whether staying put is the smarter move. If you've wondered whether a refinance could work for you, let's talk through it.
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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
Amy Libonate
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