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Mortgage Market Update
My Mortgage Company
Kenneth Harter
Wednesday, September 2, 2026
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Your home equity could be worth a look |
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Some of the best financial tools are hiding in plain sight—and they're often already in your home. This week, let's talk about equity and why it matters to your future.
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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 Check
How much equity are you sitting on?
If you've owned your home for a few years, you likely have more equity than you realize. Equity is the difference between what your home is worth and what you still owe on your mortgage. As you make payments and property values shift, that number grows—and it can open doors. Homeowners with solid equity often have options: refinancing to better terms, tapping equity for home improvements or other goals, or building wealth faster. The tricky part is knowing what you actually have without guessing. I'd encourage you to reach out so we can talk through your situation and explore what your equity might mean for your financial picture. Let's have a quick conversation about where you stand.
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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
Kenneth Harter
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