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Mortgage Market Update
My Mortgage Company
Traci Gratzek
Wednesday, September 2, 2026
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Do you know how much equity you have? |
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Home ownership is an investment that pays dividends over time. This week I want to talk about one of the most valuable—and sometimes overlooked—parts of that investment.
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National Mortgage Rates · August 27, 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 Unlocked
What your home's value means right now
If you've owned your home for a few years, there's a good chance you have equity built up—the difference between what your home is worth and what you owe on it. That equity can be powerful. Some homeowners use it to fund home improvements, cover major expenses, or consolidate debt. Others tap into it to help a family member with a down payment. The key is understanding what you actually have available and what makes sense for your situation. Market shifts and mortgage changes mean your options may be different than they were a year ago. I'd like to help you figure out where you stand and what might be possible. Let's talk about your equity and what doors it might open.
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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
Traci Gratzek
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