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Mortgage Market Update
My Mortgage Company
Sandra Johnson
Thursday, August 27, 2026
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What's your home actually worth today? |
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Home equity is one of the most powerful tools available to homeowners—but only if you know it's there. This week, let's talk about why it matters and what it means for your financial flexibility.
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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 & Options
Your home's equity might be worth more than you think
If you've been paying your mortgage for a few years, or your home has appreciated, you likely have equity built up. That's real financial power. Some borrowers don't realize they can tap into it—whether to fund a renovation, consolidate debt, or refinance into better terms. The equity you've earned is yours to use strategically. Understanding what you have and what your options are can open doors you didn't know existed. If you've ever wondered what your home is actually worth or how much equity you've accumulated, I'd love to walk through it with you. It only takes a conversation. Let's talk about what your equity can do 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
Sandra Johnson
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