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Mortgage Market Update
Tyler Bottermuller
Tyler Bottermuller
Wednesday, September 2, 2026
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What can your home equity do for you? |
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Hi there. A lot happens to your finances between the day you buy a home and today—and your house is quietly playing a bigger role than you might realize.
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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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Home Equity
Your home is working harder than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, that equity becomes real money you can access if you need it. Some homeowners tap into their equity for major expenses, home improvements, or debt consolidation. Others simply let it grow as a financial cushion. The point is, it's yours, and understanding how much you have is the first step to making smart decisions about your finances. If you'd like to know where you stand or explore what options might be available to you, I'm here to walk through it. Let's talk about what your equity means for your situation.
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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 Tyler Bottermuller team any time and we'll walk you through your options. |
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