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Mortgage Market Update
My Mortgage Company
Becky Conner
Wednesday, September 2, 2026
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What is your home's equity actually worth? |
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I've been thinking a lot lately about conversations I have with long-time homeowners who don't realize what they've built. Here's what I mean.
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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 & Access
Your home's equity might unlock new paths
If you've been a homeowner for a while, you've likely built up equity—that's the difference between what your home is worth and what you still owe. That equity can open doors. Some borrowers use it to refinance at better terms, consolidate debt, or fund home improvements that add value. Others tap into it strategically when life changes. The key is understanding what you have and what makes sense for your situation, not assuming one path is right for everyone. I'd love to walk you through what your equity position looks like and what real options might apply to you. Let's talk about what your equity means for your goals.
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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
Becky Conner
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