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Mortgage Market Update
My Mortgage Company
Spencer Javier
Tuesday, September 1, 2026
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Do you know how much equity you have? |
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Hi there, I hope you're having a solid week. Today I want to touch on something many homeowners overlook until they need it.
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National Mortgage Rates · August 27, 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 Check
Your home's equity: what it means and why now matters
If you've owned your home for a few years, you likely have equity built up — the difference between what your home is worth and what you owe on it. That equity isn't just a number on paper. It can be a real financial tool when you need it. Some borrowers tap into equity through refinancing or a home equity line of credit to pay for major repairs, education, or debt consolidation. Others simply let it grow as their mortgage balances decrease. Understanding what you have available gives you options and peace of mind. If you're curious whether your equity position has changed, I'd be happy to walk through it with you. Let's sit down and review your equity picture — no obligation, just clarity.
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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
Spencer Javier
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