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Mortgage Market Update
My Mortgage Company
Jessica Angulo
Wednesday, September 2, 2026
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How much equity are you sitting on? |
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Hi there. I'm sharing something every homeowner should think about at least once a year.
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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 Building
Your mortgage is working harder than you think
Every payment you make builds equity—that's the portion of your home you actually own. Most people focus on interest rates, but the real wealth-builder is this: as you pay down your loan balance, you're gaining ownership stake in your property. Over time, this becomes real money you can tap into if you need it. Whether rates rise or fall, that equity keeps growing. If you've been in your home for a few years, it might be worth understanding exactly how much you've built so far. It could open up options you didn't realize you had. I'd be happy to give you a quick picture of your home equity and what it means for your financial flexibility.
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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
Jessica Angulo
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