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Mortgage Market Update
My Mortgage Company
Cal Kee
Thursday, August 27, 2026
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How much equity do you actually have? |
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Hi there. This week, I want to talk about something many homeowners overlook—and it could affect your finances in a real way.
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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 & Refinancing
Your home's equity might be worth more than you think
If you've owned your home for a few years, you likely have built equity—the difference between what your home is worth and what you owe. Many homeowners don't realize how much equity they've accumulated, especially if their home has appreciated or they've paid down their loan balance. That equity can open doors: you might refinance to a better rate, tap into it for home repairs or other needs, or simply understand your financial position better. The first step is honest. I can help you find out exactly where you stand with your equity and what options might make sense for your situation. Reach out and let's talk about what your equity means 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
Cal Kee
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