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Mortgage Market Update
My Mortgage Company
Hayley Shams
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Hi there. Each week I share something I'm seeing in the mortgage world that might help your financial life. This week: equity, and why it deserves your attention.
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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
Your home equity is real money—here's why it matters
If you've owned your home for a few years and made regular payments, you likely have equity built up. That's the difference between what your home is worth and what you still owe on your mortgage. It's one of the most powerful financial tools available to you, but many homeowners don't realize how to use it. Whether you're thinking about a major home project, facing an unexpected expense, or planning for the future, understanding your equity opens doors. You can borrow against it, roll it into a new loan, or simply let it grow. The first step is knowing what you have. I'd love to walk you through your situation and talk about what might make sense for your goals. Reach out anytime—I can give you a quick snapshot of your home's equity and what that means for your options.
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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
Hayley Shams
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