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Mortgage Market Update
My Mortgage Company
Felipe Aguila
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Hi there, I'm sharing ideas and information 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 & Refinancing
Your home's equity might be worth more than you think
As a homeowner, you've likely built up equity over time—the difference between what your home is worth and what you owe on your mortgage. That equity can be a real financial tool. Some people use it to refinance into better loan terms, others tap it for home improvements or to pay down other debt. The key is understanding what you have and whether it makes sense to use it. Market conditions and your personal situation both play a role in the decision. If you're curious about your options—whether refinancing, a home equity line, or simply knowing your numbers—I'd be happy to walk through the possibilities with you, no obligation. Reach out anytime 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
Felipe Aguila
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