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Mortgage Market Update
My Mortgage Company
Frank Bronner
Thursday, August 27, 2026
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Do you know how much equity you have? |
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We're back with another weekly thought on mortgages, homeownership, and the decisions that shape both. This week, we're focusing on something many homeowners overlook—and it could be working for you right now.
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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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Home Equity Basics
What your home equity can do for you
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. Over time, that equity becomes real financial leverage. You might use it to fund a renovation, cover a major expense, or refinance into better terms. The key is understanding how much equity you have and what options make sense for your situation. Some people don't realize they've built enough equity to tap into, while others aren't sure which tool—a cash-out refinance, a home equity loan, or a line of credit—fits their needs best. I'd love to walk you through where you stand and what possibilities might be worth exploring. 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
Frank Bronner
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