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Mortgage Market Update
My Mortgage Company
Katie Sindorf
Thursday, August 27, 2026
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Do you know how much equity you've built? |
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Hi there. I'm sending a quick reminder about something many of my clients overlook—and it could open up real opportunities 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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Home Equity Basics
Your home equity is probably worth more than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you still owe. As your loan balance drops and your home's value holds or appreciates, that equity grows. Many homeowners don't realize how much they've accumulated, especially if they've been in their home for several years. That equity can be a powerful financial tool. You might tap into it through a refinance, a home equity line of credit, or a second mortgage, depending on your situation and goals. Whether you're thinking about a renovation, consolidating debt, or just curious where you stand, it's worth knowing your number. I'd be happy to walk through what your equity picture looks like and whether any options make sense for you right now. Reach out anytime—let's talk about what your equity means for your future.
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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
Katie Sindorf
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