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Mortgage Market Update
My Mortgage Company
Capital Mortgage Source
Thursday, August 27, 2026
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What's your home worth right now? |
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Sometimes the best financial move is recognizing what you already have. This week I'm looking at home equity and how it can 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's equity might be worth more than you think
If you've been a homeowner for a few years, there's a good chance your home has gained value—and that means you've built equity. Equity is the difference between what your home is worth today and what you still owe on your mortgage. It's real wealth sitting in your property, and it can open doors: a cash-out refinance to pay off debt, fund home improvements, or cover major expenses. Even if you're early in your mortgage, every payment chips away at what you owe. The tricky part is knowing what your home is actually worth now—and that's where we come in. I can help you understand your equity position and explore whether tapping into it makes sense for your situation. Curious about your home's equity? Let's talk through your options.
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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
Capital Mortgage Source
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