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Mortgage Market Update
My Mortgage Company
Grisel Maldonado
Thursday, August 27, 2026
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What's your home actually worth today? |
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Home equity isn't just a number on paper—it's an asset you've been building. Here's what you need to know.
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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
You might have more home equity than you think
If you bought a few years ago or your home has appreciated in your neighborhood, there's a good chance you've built equity without even trying. Equity is the difference between what your home is worth today and what you still owe on your mortgage. It's real value—and it can work for you in more ways than one. Some people use it to refinance into better terms, fund home improvements, or handle life's unexpected expenses. The first step is understanding what you actually have. I can help you get a clear picture of your equity and explore what options might make sense for your situation, whether you're thinking about it now or just curious. Reach out if you'd like a quick conversation about your home's equity and what it could mean 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
Grisel Maldonado
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