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Mortgage Market Update
My Mortgage Company
Tyler Croft
Wednesday, September 2, 2026
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Your home might be worth more than you think |
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I hope you're doing well. This week I want to touch on something that often gets overlooked—the real financial power sitting inside your four walls.
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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
What you can do with your home's value
If you've owned your home for a while, there's a good chance you've built up equity—that's the difference between what your home is worth and what you still owe on it. Many homeowners don't realize this equity can be a financial tool. Whether you're thinking about a major home improvement, consolidating debt, or covering an unexpected expense, tapping into your equity through a refinance or a home equity line of credit might be an option worth exploring. The right move depends on your goals, your timeline, and how long you plan to stay in your home. I'd love to walk you through what makes sense for your situation. Get in touch and let's talk about whether your equity could work 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
Tyler Croft
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