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Mortgage Market Update
My Mortgage Company
Secured Lending Group
Thursday, August 27, 2026
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How much equity do you have in your home? |
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Good morning. I wanted to touch base on something that often gets overlooked—the real value you've been building in your home month after month.
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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 might be worth more than you think
If you bought a few years ago or made improvements to your home, you likely have built equity—the difference between what your home is worth and what you owe on your mortgage. This equity can be a powerful financial tool. Some borrowers use it to refinance into better loan terms, consolidate debt, or fund home renovations. Others tap it through a home equity line or loan when they need cash for life events. The first step is understanding how much equity you actually have. If you're curious about your home's current value and what that means for your options, I'd love to walk through it with you. There's no cost to explore what's possible. Let's talk about your equity and what doors it might open 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
Secured Lending Group
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