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Mortgage Market Update
My Mortgage Company
Juan Carlos Vila
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 shine a light on something many homeowners overlook: the equity building quietly in their walls.
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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 & Opportunity
Your home's equity can open doors
If you've owned your home for a few years, there's a good chance you've built up equity—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper; it's real financial leverage you can tap into when life happens. Whether you're facing unexpected expenses, planning a home improvement, consolidating debt, or funding a major goal, a home equity line of credit or cash-out refinance might make sense. The key is understanding which option fits your situation and timeline. I'd be happy to walk you through how much equity you may have access to and what your options look like—no obligation, just clarity. Reach out and let's talk about what your equity 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
Juan Carlos Vila
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