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Mortgage Market Update
My Mortgage Company
Anthony Alzate
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 help you think about something many homeowners overlook—the real value you're building in your 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 Check
Your home might be worth more than you think
If you bought a few years ago or have paid down your mortgage steadily, you likely have built equity—the difference between what your home is worth and what you owe on it. That equity can be a real financial asset. Some homeowners tap into it through refinancing or a home equity line of credit when they need funds for repairs, education, or consolidating debt. Others simply benefit from knowing they own more of their home each month. The catch is that many people don't actually know their current equity position. A quick conversation with me can help you understand where you stand and what options might make sense for your situation. Let's talk about your home's equity and what it could mean for you.
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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
Anthony Alzate
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