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Mortgage Market Update
My Mortgage Company
Dylan Crews
Wednesday, September 2, 2026
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You may have more financial flexibility than you think |
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Hi there—I hope this finds you well. This week I want to touch on something that quietly builds as you pay your mortgage: home equity, and why it matters.
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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 Insights
How your home's equity can work for you
If you've owned your home for a few years, you likely have built equity—the difference between what your home is worth and what you owe on your mortgage. That equity isn't just a number on paper. It can be a valuable financial tool when you need it. Whether you're thinking about a major home project, consolidating debt, or handling an unexpected expense, understanding your options—like a home equity line of credit or refinancing—puts you in control. The key is knowing what makes sense for your situation. I'd love to walk you through how your equity could help you reach your goals. Let's talk about what your equity means 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
Dylan Crews
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