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Mortgage Market Update
My Mortgage Company
Pearl Cook | Edge Home Finance
Thursday, August 27, 2026
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What your home equity could do for you |
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Homeowners often overlook one of their biggest financial assets: the equity they've built in their home. Let me show you what's possible.
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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 Strategy
Your home's equity is a tool—here's how to use it
If you've owned your home for a few years, you've likely built up equity through your monthly payments. That equity can work for you in several ways: it can lower your monthly payment if you refinance into a shorter loan term, it can fund a renovation that increases your home's value, or it can become a safety net for major life expenses through a home equity line of credit. The key is understanding what you have and what your options actually are. Not every homeowner needs to tap their equity right now—but knowing you can is powerful. I'd love to talk through whether any of these moves make sense for your situation. Reach out and we can take a look at what your equity means for your next move.
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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
Pearl Cook | Edge Home Finance
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