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Mortgage Market Update
Swift Mortgage
OLIVER AMES
Thursday, August 27, 2026
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How much equity are you sitting on? |
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A Note From Swift Mortgage
Personal Note from Oliver -
Did you know that rates with me are lower than the average rates you see on these different sites? Let's connect to run some real numbers!
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Hi there. This week I'm talking about something that often flies under the radar for homeowners—but shouldn't.
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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 Awareness
Do you know how much equity you've built?
If you've been paying your mortgage for a few years, you likely have more equity than you realize. Equity is the difference between what your home is worth and what you still owe—and it can be a powerful financial tool. Some borrowers tap into their equity through refinancing or a home equity line of credit when they need funds for major expenses, home improvements, or debt consolidation. Others simply let it grow as part of their long-term wealth building. Either way, understanding your equity position is smart money sense. I'd recommend getting a rough estimate of your home's current value and comparing it to your loan balance. If you'd like help figuring out where you stand and what options might make sense for your situation, I'm here to walk you through it. Reach out anytime—I'm happy to discuss your equity and what it could mean for your finances.
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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 Swift Mortgage team any time and we'll walk you through your options. |
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1528 E Williams Field Rd. BLDG C Suite 201 Gilbert AZ 85295
NMLS# 1605202 · Company NMLS# 1925754
480-662-8439 | www.oliverames.com
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