Mortgage Market Update

My Mortgage Company

Darcy Highfill

Thursday, August 27, 2026

What's your home worth right now?

Hello, I hope you're having a good week. Today I want to touch on something that often surprises my clients—how much their financial position has shifted since they bought.

National Mortgage Rates · August 20, 2026

30-Year Fixed

6.65%

FHA 30-Year

6.53%

VA 30-Year

6.32%

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.

Equity Check

Your home might be worth more than you think

If you bought your home a few years ago, or even recently in a competitive market, there's a good chance you've built more equity than you realize. Home values have shifted across different markets, and understanding what your home is worth today matters—especially if you're thinking about refinancing, doing renovations, or just want to know where you stand financially.

Knowing your equity opens doors. It can help you explore loan options, plan major expenses, or simply feel more confident about your financial picture. The best part? Getting a sense of your home's current value is straightforward, and I'm here to help you figure out what it means for your situation.

Reach out if you'd like to talk through your home's equity and what options might make sense for you.

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.

Tips for Homeowners

Understanding Mortgage Points

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Darcy Highfill

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