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Mortgage Market Update
My Mortgage Company
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Thursday, August 27, 2026
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Do you know how much equity you have? |
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The market moves, homes appreciate, and every payment you make builds your stake in your property. This week I want to walk you through something a lot of homeowners overlook: the real value sitting in their 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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Equity Check
Your home might be worth more than you think
If you bought a few years ago or made significant improvements to your home, there's a good chance you've built equity you're not fully aware of. Home values have shifted in many markets, and even regular mortgage payments add up over time. Understanding what your home is worth today matters—whether you're thinking about refinancing, making renovations, or simply want to know where you stand financially. The equity you've built is real wealth, and it opens doors to different loan options down the road. If you'd like a straightforward conversation about your home's current value and what that means for your situation, I'm here to help. Reach out anytime—no obligation to discuss what your home equity could mean for you.
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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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