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Mortgage Market Update
My Mortgage Company
Mauricio Gonzalez-Roberts
Thursday, August 27, 2026
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What's your home worth today? |
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Home values shift with the market—sometimes up, sometimes down. Knowing your equity today helps you plan smarter tomorrow.
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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 value may have shifted
If you've owned your home for a while, you likely have more equity than you think—or sometimes less than you assumed. Home values move with your market, and that equity can open doors: refinancing into better terms, funding a home improvement, or tapping cash for other goals. The tricky part is knowing what your home is actually worth right now, not what you paid for it or what you hope it's worth. I recommend getting a professional valuation or even a quick market assessment if you haven't checked in recently. Understanding your equity position helps you make smarter decisions about your loan and your finances. If you're curious where you stand, I'm happy to walk through your options. Let's talk about what your equity means for your next move.
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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
Mauricio Gonzalez-Roberts
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