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Mortgage Market Update
My Mortgage Company
John Kupcik
Thursday, August 27, 2026
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How much equity do you actually have? |
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Hi there. This week I want to help you understand one of the most valuable assets sitting in your home—and how it might work 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 Awareness
You might have more home equity than you think
If you've owned your home for a few years and made regular payments, you've likely built up equity—the difference between what your home is worth and what you owe on your mortgage. Many homeowners don't realize how much equity they've accumulated, especially if home values in their area have risen. This matters because equity can open doors: it's what you'd walk away with if you sold, and it can be accessed through refinancing or a home equity loan if you need funds for repairs, education, or other goals. If you're curious about your position, I'm happy to help you get a clear picture of what you've built so far. Send me a message and we can talk through your home's current value and what that means for your options.
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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
John Kupcik
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