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Mortgage Market Update
My Mortgage Company
Becky Conner
Thursday, August 27, 2026
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You might have more options than you think |
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Hi there,
This week I'm thinking about a financial tool many homeowners overlook—even when it could simplify their finances or help them achieve a goal.
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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's equity might be working against you
If you bought a few years ago or your home has appreciated, you likely have built equity—that's the difference between what your home is worth and what you owe on your mortgage. That's great news. But here's what many homeowners don't realize: sitting on equity you're not using can actually cost you. Whether it's a high-rate second mortgage, maxed-out credit cards, or a home that needs repairs, untapped equity often means you're paying more than you have to elsewhere. There are loan programs designed to let you access that equity at better terms. I'd love to walk you through your options and see if putting your equity to work makes sense for your situation. Let's talk about what your home equity could do 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
Becky Conner
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