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Mortgage Market Update
Evelyn Morgan
Keyway Lending powered by Edge Home Finance
Monday, October 19, 2026
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Refinancing might help—or it might not |
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Refinancing sounds straightforward, but the math and timing matter. 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 Basics
When does refinancing actually make sense?
Refinancing isn't always the right move—even when rates drop or your situation changes. The real question is whether the benefit outweighs the cost and time involved. Some people refinance to lower their rate or shorten their loan term. Others tap equity for a major expense or consolidate debt. But each option has trade-offs worth understanding before you commit. That's where a conversation helps. I can walk through your specific situation, show you what refinancing might actually cost and save, and help you decide if it's worth doing right now or if waiting makes more sense. Let's talk through whether refinancing fits your goals.
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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 Evelyn Morgan team any time and we'll walk you through your options. |
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