|
Mortgage Market Update
My Mortgage Company
Ruslan Kushnir
Thursday, August 27, 2026
|
What's your home really worth to you now? |
|
Hi there — this week I want to focus on something that often flies under the radar: the equity sitting in your home right now.
|
|
National Mortgage Rates · August 20, 2026
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%233b5bdb%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
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.
|
|
|
|
Equity Building
Your home is quietly working for you
Every mortgage payment you make builds equity — that's the difference between what your home is worth and what you still owe. Over time, this becomes real wealth. But equity isn't just something that happens passively. If you've owned your home for a few years, you may have built up more than you realize, and that equity can be a tool. Whether you're thinking about a major home project, consolidating debt, or planning ahead, understanding what you have available is the first step. I'd love to walk you through your situation and show you what options might make sense for your financial goals. Let's talk about the equity you've built and what it could mean for your future.
|
|
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.
|
|
Tips for Homeowners
Understanding Mortgage Points
|
|
1.
|
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.
|
|
2.
|
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.
|
|
3.
|
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.
|
|
|
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. |
|
Your Mortgage Advisor
|
|
|
My Mortgage Company
Ruslan Kushnir
|
|
|
|
You are receiving this from Ruslan Kushnir. Unsubscribe
|