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Mortgage Market Update
My Mortgage Company
William Cramer
Thursday, August 27, 2026
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What's your home equity worth? |
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Hi there—this week I want to remind you about something valuable you may not think about enough: the equity in 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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Equity Building
Your home equity is working for you
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe. Over time, this becomes real financial power. Whether you're thinking about a home improvement project, funding education, or just strengthening your net worth, understanding your equity position helps you make smarter decisions about your money. The sooner you know what you've built, the sooner you can think clearly about what's next. I'm here to help you figure out exactly where you stand and what your options might be. Let's talk about your equity and what it could mean for your goals.
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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
William Cramer
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