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Mortgage Market Update
My Mortgage Company
Peachtree Capital Mortgage
Thursday, August 27, 2026
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Do you know how much equity you've built? |
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Welcome to this week's newsletter. I'm here to help you make confident decisions about your home and your mortgage.
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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 Questions
How much equity do you actually have?
A lot of homeowners aren't sure whether they've built meaningful equity in their homes—and that uncertainty keeps them from making smart moves. Equity is simply the difference between what your home is worth and what you still owe on your mortgage. The longer you've owned, the more you've paid down, and the more your home may have appreciated, the more equity you likely have. Knowing your number matters because equity can open doors: it's what lets you refinance into a better rate, cash out for major expenses, or tap a home equity line of credit when you need it. If you're not sure where you stand, I'd love to help you run the numbers. A quick conversation could show you options you didn't know existed. Let's talk about what equity you've built and what it means 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
Peachtree Capital Mortgage
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