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Mortgage Market Update
My Mortgage Company
Bret Bushman CRM
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Hello! This week I want to touch on something that often goes overlooked—the wealth you're quietly building in your home. Here's what you need to know.
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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
What your home equity can do for you
If you've owned your home for a while, you likely have equity built up—the difference between what your home is worth and what you owe on your mortgage. That equity can be a real financial tool. Some borrowers tap into it through a cash-out refinance to fund home improvements, pay off higher-interest debt, or cover major expenses. Others keep it as a cushion. Either way, it's worth understanding what you have and what options might make sense for your situation. The right move depends entirely on your goals and comfort level. I'd love to help you figure out where you stand and what might work for your household. Reach out and we can talk through your 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
Bret Bushman CRM
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