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Mortgage Market Update
My Mortgage Company
Capital – Barrett
Thursday, August 27, 2026
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How much equity do you actually have? |
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Hi there—we're talking about one of the best-kept assets most homeowners have: the equity sitting in their property.
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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 & Options
What your home equity can do for you
If you've been paying your mortgage for a few years, or if your home has appreciated, you likely have equity built up. That's real financial flexibility. Depending on your situation, you might refinance to tap into it, explore a home equity line of credit, or simply hold it as a safety net. The key is understanding what you have and what makes sense for your goals—whether that's funding a renovation, managing debt, or just knowing it's there. Every homeowner's equity story is different. I'd like to walk you through yours. Let's discuss what your equity means for your financial picture. Reach out anytime.
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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
Capital – Barrett
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