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Mortgage Market Update
My Mortgage Company
Travis Carter
Thursday, August 27, 2026
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What's your home equity worth to you? |
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Hi there. This week, I want to touch on something many homeowners overlook—the real value sitting in their property.
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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 Awareness
Do you know how much equity you have?
If you've owned your home for a few years, you've probably built up equity without really thinking about it—through monthly payments and any appreciation in your home's value. That equity can be a financial tool when you need it. Some homeowners tap into it for major expenses, home improvements, or consolidating debt. Others leave it untouched as part of their long-term wealth building. The first step is understanding what you actually have. A quick conversation can help you see your numbers clearly and explore what options might make sense for your situation, if any. I'm happy to walk you through your equity and discuss what it 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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Your Mortgage Advisor
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My Mortgage Company
Travis Carter
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