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Mortgage Market Update
My Mortgage Company
Jesseca Hendricks
Thursday, August 27, 2026
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What's your home's equity worth right now? |
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Hi everyone. This week I'm focusing on a financial resource many homeowners forget they have—and how it might work for you.
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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 Check
Your home equity could unlock new options
If you've owned your home for a few years, there's a good chance you've built up equity—that's the difference between what your home is worth today and what you still owe on your mortgage. That equity can be a powerful financial tool. Some borrowers use it to consolidate debt at a lower rate, fund home improvements, or cover big life expenses. The key is understanding what you have available and whether tapping into it makes sense for your situation. Home values and market conditions change, so what was true a year ago might be different now. I'd be happy to give you a no-pressure equity check so you can see what options might be available to you. Reach out if you'd like a quick conversation about your home's current equity and what it might mean for you.
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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
Jesseca Hendricks
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