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Mortgage Market Update
My Mortgage Company
Capital Mortgage Source
Wednesday, September 2, 2026
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You might have more financial flexibility than you think |
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Hi there. I wanted to share something that comes up often in conversations with homeowners—and it's almost always good news.
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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 Insight
How to use your home equity strategically
If you've owned your home for a few years, you likely have equity built up—the difference between what your home is worth and what you owe. That equity can be a powerful financial tool. Some people tap it for home improvements that add value, others use it to consolidate debt or cover major expenses. The key is understanding your options: a cash-out refinance, a home equity line of credit, or a home equity loan each work differently and suit different situations. Before you decide, it's worth talking through the pros and cons with someone who knows your full picture. I'm here to help you explore what makes sense for your goals and your budget. If you'd like to discuss how your equity could work for you, let's set up a quick call.
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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
Capital Mortgage Source
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