Mortgage Market Update

My Mortgage Company

Spencer Javier

Tuesday, September 1, 2026

Do you know how much equity you have?

Hi there, This week I want to focus on something that builds quietly in the background for most homeowners: your equity. Here's why it matters.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.46%

VA 30-Year

6.30%

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.

Home Equity

What your home's value means for your finances

As a homeowner, you build equity every time you make a mortgage payment—and as your home's value changes, that equity grows too. The more equity you have, the more options open up: you might refinance to a better rate, tap that equity for a renovation or other goal, or simply have a stronger financial cushion. The tricky part is knowing what your home is actually worth and how much equity you're sitting on. If you haven't thought about this in a while, it might be worth a conversation. I can help you understand your equity position and whether it makes sense to make a move—whether that's refinancing, borrowing against it, or just knowing where you stand. Reach out, and let's talk through what your home's value means for you.

Send me a message if you'd like to discuss your home equity and what options might be available.

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.

Tips for Homeowners

Understanding Mortgage Points

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Spencer Javier

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