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Mortgage Market Update
My Mortgage Company
Stephanie Carman
Thursday, August 27, 2026
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What's your home worth today? |
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Home values shift, and so do your financial opportunities. This week, I'm sharing why knowing your equity matters more than you might realize.
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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 Building
Your home is probably worth more than you think
If you bought a few years ago, there's a good chance your home has appreciated. That means you've built equity—real wealth sitting in your property. Understanding what your home is worth today matters, because that equity can be a financial tool. Some people use it to refinance into better terms, others tap it for major expenses or home improvements. The tricky part is knowing the real number without guessing. I'd recommend getting a professional assessment or talking through your options with me—it's the first step to understanding what your growing investment can do for you. Let's talk about what your home might be worth and how to put that equity to work.
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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
Stephanie Carman
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