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Mortgage Market Update
My Mortgage Company
Amanda Keeland
Thursday, August 27, 2026
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Do you know how much equity you have? |
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I spend a lot of time talking with homeowners who discover they're sitting on more financial flexibility than they realized. This week, I want to shine a light on something that builds quietly in the background: home equity.
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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 probably worth more than you think
If you've owned your home for a few years, you've likely built up equity without doing much of anything. Equity is the difference between what your home is worth and what you still owe on your mortgage. As you make monthly payments, that gap grows. Beyond that, if your neighborhood has appreciated, your equity grew even faster. Many homeowners are surprised to learn how much they have available. Understanding your equity matters because it can open doors—whether you're thinking about a cash-out refinance, a home equity line of credit, or just wanting to know your financial position. If you'd like to get a clear picture of where you stand, I'd be happy to walk through it with you. Let me know if you'd like to explore what your equity 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
Amanda Keeland
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