|
Mortgage Market Update
My Mortgage Company
Appreciated Asset
Thursday, August 27, 2026
|
How much equity do you actually have? |
|
Hi there,
I want to share something that often catches homeowners off guard—and could open up real opportunities for you.
|
|
National Mortgage Rates · August 20, 2026
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%233b5bdb%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
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.
|
|
|
|
Equity Basics
You might have more money in your home than you think
Equity is the difference between what your home is worth and what you still owe on your mortgage. As you make payments, your loan balance drops and your equity grows. If your home's value has risen since you bought it, that's equity too. The more equity you have, the more flexibility you gain—whether that's borrowing against it for a large expense, refinancing into better loan terms, or simply knowing you're building real wealth. Many homeowners are surprised to learn how much equity they've built without realizing it. If you're not sure where you stand, I can help you get a clear picture and explore what that equity might mean for your situation. Reach out and let's talk about your equity and what you can do with it.
|
|
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.
|
|
Tips for Homeowners
Understanding Mortgage Points
|
|
1.
|
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.
|
|
2.
|
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.
|
|
3.
|
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.
|
|
|
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. |
|
Your Mortgage Advisor
|
|
|
My Mortgage Company
Appreciated Asset
|
|
|
|
You are receiving this from Appreciated Asset. Unsubscribe
|