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Mortgage Market Update
My Mortgage Company
Sabrina Linman
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 talk about something many homeowners overlook—the equity they've already built in their homes.
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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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Home Equity
Your home's equity keeps working for you
As you make mortgage payments and your home appreciates over time, you're building equity—the difference between what your home is worth and what you owe on it. Many homeowners don't realize how much equity they've accumulated, or what they can do with it. Whether you're thinking about a major home improvement, consolidating debt, or funding another goal, your equity is a real asset you can access. The key is understanding your options and timing—some programs let you borrow against that equity with terms that work for your situation. If you're curious about what your home's equity might mean for you, I'd be happy to walk through the possibilities. Reach out and we can review what equity you've built and explore whether tapping into it makes sense for your goals.
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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
Sabrina Linman
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