|
Mortgage Market Update
My Mortgage Company
Sean Ewbank
Thursday, August 27, 2026
|
How much equity have you built? |
|
Hi there—I hope you're having a great week. Sometimes the smartest money moves start with knowing what you already have.
|
|
National Mortgage Rates · August 20, 2026
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%233b5bdb%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
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.
|
|
|
|
Home Equity
Your home's built-in savings account
If you've been paying your mortgage for a few years, you probably own more of your home than you did when you started. That ownership stake—your equity—is real wealth. It grows as you pay down your loan balance and as your home's value holds steady or appreciates. The best part? You can tap into it if you need cash for home repairs, education, medical bills, or other major expenses. Depending on your situation, a home equity loan or line of credit might offer better rates than other borrowing options. Understanding what you have available is the first step toward using it wisely. If you'd like to know roughly how much equity you've built, I'm happy to run those numbers for you.
|
|
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.
|
|
Tips for Homeowners
Understanding Mortgage Points
|
|
1.
|
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.
|
|
2.
|
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.
|
|
3.
|
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.
|
|
|
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. |
|
Your Mortgage Advisor
|
|
|
My Mortgage Company
Sean Ewbank
|
|
|
|
You are receiving this from Sean Ewbank. Unsubscribe
|