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Mortgage Market Update
My Mortgage Company
Kayleigh Williamson - For Deletion
Thursday, August 27, 2026
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How much equity do you have in your home? |
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Hi there. This week I want to talk about something a lot of homeowners overlook—even though it can open doors.
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National Mortgage Rates · August 20, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages 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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Equity Awareness
Do you know how much equity you have?
If you've owned your home for a few years, you probably have more equity than you realize. Every mortgage payment builds it, and if your home's value has climbed, that's equity too. Many homeowners don't think about it until they need it—but knowing your number matters. Whether you're curious about refinancing, considering a home improvement project, or just want a financial picture of where you stand, understanding your equity is the first step. I'd be happy to give you a quick snapshot of where you are and talk through your options, no pressure. Reach out this week and we can review your equity position together.
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Tip of the Week
Your mortgage interest may be tax-deductible if you itemize. Check with your tax professional to see if it benefits you.
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Tips for Homeowners
Understanding Mortgage Points
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1.
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One mortgage point equals 1% of your loan amount. Paying points ("buying down the rate") reduces your interest rate — typically 0.25% per point, though this varies by lender and market.
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2.
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Calculate your break-even: divide the cost of the points by your monthly savings. If it takes 4 years to break even and you plan to stay 10 years, buying points makes sense.
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3.
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Points paid on a home purchase are generally tax-deductible in the year paid (if you itemize). Points on a refinance must be deducted over the life of the loan.
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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
Kayleigh Williamson - For Deletion
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