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Mortgage Market Update
My Mortgage Company
William Duran- For Deletion
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Hi there. This week I want to touch on something many homeowners overlook until they need it: the equity sitting in their 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 Awareness
Your home's equity might be more useful than you think
If you've owned your home for a few years, you've likely built some equity—the difference between what your home is worth and what you owe. That equity isn't just a number on paper. Depending on your situation, you may be able to access it through a refinance, a home equity line of credit, or a home equity loan. Whether you're thinking about making repairs, consolidating debt, or funding a big expense, it's worth understanding what options exist and whether tapping into your equity makes sense for your goals. The key is knowing what you have to work with. If you'd like to get a clearer picture of your equity position and explore what might be available to you, I'm here to walk through the numbers. Let me know if you'd like to review your home's equity and discuss what options might fit your needs.
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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 Duran- For Deletion
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