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Mortgage Market Update
My Mortgage Company
Brandon Shelton
Thursday, August 27, 2026
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Your home equity might be more useful than you think |
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Welcome back. I'm sharing something this week that many homeowners overlook until they really need it.
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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 101
What your home equity means for your finances
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, equity becomes one of your most valuable financial assets. You can tap into it through a refinance, a home equity line of credit, or a second mortgage if you need cash for repairs, education, or other major expenses. The more you pay down your loan and the more your home appreciates, the more options open up to you. Understanding your equity position helps you make smarter decisions about your home and your money. I'd love to walk you through your specific situation and show you what your equity could mean for your goals. Let's talk about your home equity and what it could do 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
Brandon Shelton
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