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Mortgage Market Update
My Mortgage Company
Carrie Nicholsky
Wednesday, September 2, 2026
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Can you use your home equity right now? |
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Hi there—I wanted to touch base about something many of my clients overlook. If you've built equity in your home, you have options you might not know about.
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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 Check
Your home equity might be working against you
If you've owned your home for a few years, you likely have equity built up—which is great. But here's something I see happen often: homeowners don't realize they can tap into that equity to pay off high-interest debt, fund a renovation, or consolidate bills into one predictable payment. The longer you wait, the more you might be paying in interest elsewhere. Not everyone needs to do this, but it's worth understanding your options. If you're curious whether a cash-out refinance or home equity line makes sense for your situation, I'm happy to walk you through the numbers and show you what's realistic. Send me a message and we can talk through whether accessing your equity is the right move.
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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
Carrie Nicholsky
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