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Mortgage Market Update
My Mortgage Company
Lacie Anvik
Thursday, August 27, 2026
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Do you know how much equity you've built? |
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Hi there. This week I want to talk about something many homeowners overlook: the equity sitting in their home right now.
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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 & Refinancing
Your home equity might be bigger than you think
If you've owned your home for a few years and made regular payments, you likely have built up equity—the difference between what your home is worth and what you still owe. That equity can be a real financial tool. Some homeowners tap into it through a cash-out refinance to fund home improvements, pay off debt, or handle a major expense. Others use a home equity line of credit (HELOC) for more flexibility. The key is understanding what you have and whether accessing it makes sense for your situation. If you're curious about your equity and what options might be available to you, I'd be glad to walk through the numbers and talk through what could work best. Reach out if you'd like to discuss how much equity you've built and what it could mean for you.
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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
Lacie Anvik
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