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Mortgage Market Update
My Mortgage Company
Kailey Pukini
Thursday, August 27, 2026
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What's your home equity worth to you? |
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Good morning. I've been thinking a lot about something that many of my long-time clients overlook—and it could make a real difference in your financial picture.
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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 equity is working harder than you think
If you've owned your home for a few years, there's a good chance you've built up equity—the difference between what your home is worth and what you owe on your loan. That equity isn't just a number on paper. It can be a real financial tool when you need it. Some homeowners tap into it for major expenses like home repairs or education. Others use it to consolidate debt or fund life goals. The key is understanding what options are available to you and whether accessing that equity makes sense for your situation right now. If you're curious whether your equity could work for you, I'd love to walk through your options—no pressure, just clarity. Send me a message anytime, and we can talk through what your equity position looks like.
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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
Kailey Pukini
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