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Mortgage Market Update
My Mortgage Company
Traciana
Thursday, August 27, 2026
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How much equity do you have right now? |
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Hi there,
This week I want to talk about something many homeowners overlook until they need it.
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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 Building
Your home is working for you, even if you don't realize it
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth. The sooner you understand how much equity you've already accumulated, the sooner you can make smarter decisions about it. Whether you're thinking about a major home project, facing an unexpected expense, or just curious about your financial position, knowing your equity is the first step. I'd be happy to give you a clear picture of where you stand and walk through your options—no pressure, just information. Reach out whenever you'd like to talk through it. Let's take a look at your equity and what it 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
Traciana
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