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Mortgage Market Update
My Mortgage Company
Brandon List
Thursday, August 27, 2026
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What's your home equity worth right now? |
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Some of the best financial moves start with knowing where you stand. This week, let's talk about a number that matters more than many homeowners realize.
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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 and made regular payments, you likely have more equity than you realize. Equity is the difference between what your home is worth and what you owe on your mortgage — and it's one of your most valuable financial assets. Whether you're thinking about refinancing, making a major home improvement, or just want to understand your financial position better, knowing your equity number is the first step. The good news is it's straightforward to find out. I can help you get a clear picture of where you stand and explore what options might make sense for your situation. Let's talk about your home's equity and what you might do with it.
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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 List
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