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Mortgage Market Update
My Mortgage Company
Dan Preston
Wednesday, September 2, 2026
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Your home is worth more than you think |
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Hi there — this week I want to walk you through something that often gets overlooked: the equity sitting in your home right now.
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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 & Options
What your home's value means for your future
If you've owned your home for a few years, you likely have equity—the difference between what your home is worth and what you owe. That equity isn't just a number on paper; it's a real financial resource you can tap into if life changes. Whether you're thinking about a major home project, consolidating debt, or preparing for an unexpected expense, knowing your equity position gives you options. The sooner you understand what you have, the sooner you can make a plan that works for your situation. I'm here to help you explore what's possible. Let's talk about your home's equity and what options might make sense 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
Dan Preston
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