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Mortgage Market Update
My Mortgage Company
Jose Treto
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 builds quietly in the background of homeownership: equity. Here's why it matters.
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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
If you've been paying your mortgage for a few years, or if your home's value has climbed, you're likely sitting on equity—real money that belongs to you. That equity can be a tool: some people tap it to pay for repairs, consolidate debt, or fund other goals. Others refinance into a better loan term or rate when the time is right. The key is knowing what you have and understanding your options before you need them. I help clients figure out whether their equity makes sense to use, and if so, what path works best for their situation. There's no one-size-fits-all answer, but there's almost always a smart move worth exploring. If you'd like to talk through what your equity could do for you, I'm here to walk through the possibilities.
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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
Jose Treto
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