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Mortgage Market Update
My Mortgage Company
Paulo Maria
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Welcome back. This week I want to touch on something many homeowners overlook—and it could open up new possibilities 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 Insights
Your home's equity might be doing more than you think
If you've owned your home for a few years, you likely have equity built up—and it's worth understanding what you can do with it. Equity is simply the difference between what your home is worth and what you owe on your mortgage. Some borrowers use it to fund renovations or consolidate debt through a cash-out refinance or home equity line of credit. Others leave it alone and let it grow. There's no single right answer; it depends on your goals, your timeline, and what makes financial sense for your situation. The first step is knowing how much equity you actually have. If it's been a while since you've had your home valued, or if you're curious whether a move might make sense, I'd love to walk through your options with you. Let's talk about what your home equity could mean for your financial picture.
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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
Paulo Maria
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