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Mortgage Market Update
My Mortgage Company
Ali Lindsay
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Hello,
This week we're talking about something many homeowners overlook until they need it: the equity built into your home.
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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 may be worth more than you think
If you've owned your home for a few years, you may have built up equity without even realizing it. Equity is the difference between what your home is worth today and what you still owe on your mortgage. As home values have shifted and you've made payments, that gap often grows. Knowing your equity matters because it opens doors—whether you're thinking about refinancing, making improvements, or planning for the future. The sooner you understand where you stand, the sooner you can make decisions that work for your situation. If you'd like to talk through your equity position and what options might make sense for you, I'm here to walk you through it. Let's take a look at what your home equity 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
Ali Lindsay
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