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Mortgage Market Update
My Mortgage Company
Rosco Roger
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Hello everyone. This week I want to focus on something many of my clients overlook: the real wealth sitting 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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Equity Awareness
Your home equity is real money you can use
If you've owned your home for a few years, you've likely built equity—the difference between what your home is worth and what you still owe. Many homeowners don't realize how much they have or what they can do with it. That equity can be tapped for major expenses, renovations, debt consolidation, or other financial goals through a refinance or home equity loan. The key is understanding what you have and whether using it makes sense for your situation. I'd be happy to walk you through your options and show you what's realistic for your home. Let's talk about what equity you may have built and whether it could work 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
Rosco Roger
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