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Mortgage Market Update
My Mortgage Company
David Gentile
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Hi there. This week I want to talk about something that often goes overlooked—the equity in your home. It might surprise you what you've already built.
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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 Insights
Your home equity is working—even when you're not
A lot of homeowners don't realize how much equity they've built up over the years. Every payment you make builds it. If your home's value has risen, that builds it too. That equity is real money sitting in your property—and it can be a powerful tool when you need it. Whether you're thinking about a home improvement, facing an unexpected expense, or planning your next move, knowing what you have available gives you options. Some borrowers use equity strategically; others don't even know it's there. I'd love to give you a clear picture of where you stand. It takes just a few minutes, and it might open up possibilities you hadn't considered. Reach out and we can talk through what your equity means for your financial picture.
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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
David Gentile
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