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Mortgage Market Update
Mimi Boussekine
Mimi Boussekine
Thursday, August 27, 2026
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What's your home worth right now? |
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Hi there—this week I want to help you think clearly about one number that often goes overlooked: your home equity. It's more powerful than many homeowners realize.
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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's value may have changed—here's why it matters
If you've owned your home for a few years, there's a good chance your equity position has shifted. Home values move with the market, and that change affects your options—whether you're thinking about refinancing, tapping into equity for a major project, or just curious about your financial standing. Understanding what your home is worth today, and how much of it you actually own free and clear, is one of the smartest moves you can make. It opens doors you might not have realized were available. I'd be happy to help you get a clear picture of where you stand and what that means for your next move. Let's talk about your home's equity and what you can do with it.
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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 Mimi Boussekine team any time and we'll walk you through your options. |
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