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Mortgage Market Update
My Mortgage Company
Lawson Mortgage Group
Thursday, August 27, 2026
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You might have more financial power than you think |
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Hi there. This week I want to talk about something that often flies under the radar: the equity sitting in your home 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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Equity Basics
What your home equity really means for you
Home equity is simply the difference between what your home is worth and what you still owe on your mortgage. As you make payments over time, that gap grows—and so does your financial flexibility. Many homeowners don't realize they can tap into that equity if they need to, whether for home improvements, debt consolidation, or other big expenses. Understanding how much equity you have is a smart first step. It tells you what options might be available to you down the road, and it's a reminder that every mortgage payment is working for you. If you'd like to know roughly where you stand, I'm happy to walk through the numbers with you. Reach out anytime if you'd like to talk about your equity and what it could mean for your future.
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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
Lawson Mortgage Group
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