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Mortgage Market Update
My Mortgage Company
Brandon Huynh
Thursday, August 27, 2026
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What is your home worth now? |
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Hi there, this week I'm sharing something many homeowners overlook: the real value sitting in their property. Let me explain.
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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 equity might be worth more than you think
If you bought or refinanced a few years ago, your home has likely appreciated. That means you've built equity—the difference between what your home is worth today and what you still owe. This equity can be a financial tool. Some borrowers use it to consolidate debt, fund home improvements, or cover major expenses through a cash-out refinance or home equity line of credit. The catch: you'll want to understand how tapping that equity affects your monthly payment and long-term finances. If you're curious whether your home's value has grown enough to make a move worth it, I'd be happy to run the numbers with you. There's no obligation—just clarity. Reach out and let's talk about what your home equity could do 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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Your Mortgage Advisor
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My Mortgage Company
Brandon Huynh
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