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Mortgage Market Update
My Mortgage Company
Cinda Oehlke - For Deletion
Thursday, August 27, 2026
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How much home equity do you have? |
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Hi there. This week I want to help you understand one of your most valuable financial assets.
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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 Awareness
Do you know how much equity you've built?
If you've been paying your mortgage for a few years, you likely have more equity than you realize. Equity is the difference between what your home is worth and what you still owe on it, and it's one of the most powerful financial assets you can build. Understanding your equity matters because it opens doors—whether you're thinking about refinancing, accessing funds for home improvements, or planning ahead for life changes. The more equity you have, the more options become available to you. I'd encourage you to take a moment this week to think about your situation. If you're curious about where you stand or want to explore what your equity could mean for your financial goals, I'm here to walk through it with you. Reach out anytime—I'm happy to talk through your home equity and what it might mean 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
Cinda Oehlke - For Deletion
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