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Mortgage Market Update
My Mortgage Company
Josh Nastal
Thursday, August 27, 2026
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How much equity do you have right now? |
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Every payment you make builds your ownership stake in your home. This week, we're looking at why that matters.
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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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Home Equity
Your home's equity could be working harder
If you've been in your home for a few years, you've likely built equity through your monthly payments—and possibly through home value appreciation. That equity represents real money you own, and it can be a powerful financial tool. Some homeowners tap into it for major expenses like home improvements, education, or debt consolidation. Others simply want to understand what they have. The key is knowing your options and whether accessing it makes sense for your situation. If you're curious about your equity position or wondering whether a cash-out refinance or home equity line might work for you, I'd love to walk through the numbers and possibilities. Let's talk about what your equity can do for you—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
Josh Nastal
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