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Mortgage Market Update
My Mortgage Company
Jed Nielsen
Thursday, August 27, 2026
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What's your home equity worth right now? |
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Hi there. This week I want to highlight something a lot of homeowners overlook—the value they've already built into 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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Equity Awareness
Do you know how much equity you have?
If you've owned your home for a few years, you likely have built up equity without even thinking about it. Every mortgage payment chips away at what you owe, and in many markets, home values have moved in your favor too. That equity isn't just a number on paper—it's real financial leverage you can tap into if you ever need it. Some homeowners use it to fund renovations, pay down higher-interest debt, or cover unexpected expenses. The first step is simply knowing what you have. I'd be happy to run a quick assessment so you understand your position. It might open up options you didn't realize were available. Reach out and let's talk about what your equity means for your financial picture.
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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
Jed Nielsen
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