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Mortgage Market Update
My Mortgage Company
Top Home Mortgage
Thursday, August 27, 2026
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What's your home equity worth right now? |
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Hi there—I hope this week is treating you well. Today I want to talk about something that often flies under the radar for homeowners, but it shouldn't.
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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, there's a good chance you've built up meaningful equity—that's the difference between what your home is worth and what you still owe on your mortgage. A lot of homeowners don't realize how much equity they have, which means they might be missing opportunities. Whether you're thinking about refinancing, handling an unexpected expense, or planning a home improvement, knowing your equity is the first step. It gives you real options and puts you in control of your financial decisions. I'd be happy to help you figure out where you stand and talk through what that equity could mean for you. Reach out and let's have a straightforward conversation about your equity and what you might do with it.
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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
Top Home Mortgage
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