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Mortgage Market Update
My Mortgage Company
Brian Sammon
Thursday, August 27, 2026
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What's your home actually worth today? |
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Welcome back to this week's newsletter. I want to talk about something that quietly builds over time as you own your home, and it could open doors you didn't realize were available to you.
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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
Your home's value may have changed more than you think
If you've owned your home for a few years, there's a good chance it's worth more than what you paid for it. That difference between what you owe and what it's worth is called equity, and it's one of the most useful financial tools available to homeowners. You might use it to fund a major repair, pay for education, consolidate debt, or make a smart investment. The first step is understanding how much equity you actually have. Market values shift, and so do the options available to you. I'd be happy to talk through what your home might be worth today and what that means for your financial flexibility moving forward. Reach out anytime—I can give you a clear picture of your home's current value and equity position.
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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
Brian Sammon
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