The Mortgage Tigers · September 2, 2026

Do you know how much equity you have?

Mortgage Market Update

My Mortgage Company

The Mortgage Tigers

Wednesday, September 2, 2026

Do you know how much equity you have?

Hi there. I wanted to share something I see help borrowers make smarter money moves.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

Rate trend

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.


Equity Strategy

What your home's value means for your finances

As a homeowner, you're building something most renters never will — equity. That's the difference between what your home is worth and what you still owe on it. Whether your home has appreciated, stayed steady, or shifted, understanding your equity position matters because it opens doors: you might refinance to a better rate, tap equity for a major expense, or simply know where you stand financially. I've helped borrowers discover they had more options than they realized, just by taking a clear look at their equity. If you're curious about yours, or wondering what it could mean for your next move, let's talk.

Reach out and we can look at your situation together.

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.

Tips for Homeowners

Understanding Mortgage Points

1.

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.

2.

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.

3.

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.

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.

Your Mortgage Advisor

M

My Mortgage Company

The Mortgage Tigers

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