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Mortgage Market Update
My Mortgage Company
Mischa Rytz
Thursday, August 27, 2026
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What's your home equity worth? |
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Hi there. I want to talk about something that builds quietly in the background for homeowners: equity. It's more useful than you might think.
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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 could open new doors
If you've owned your home for a few years, you likely have built up equity—the difference between what your home is worth and what you still owe on your mortgage. That equity isn't just a number on paper; it can be a real financial tool when you need it. Whether you're facing a major expense, thinking about home improvements, or considering your next move, knowing what equity you have is the first step. I'd be happy to help you understand how much equity you've built and what options might make sense for your situation. There's no obligation—just clarity. Reach out and we can take a quick look at your equity position together.
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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
Mischa Rytz
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