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Mortgage Market Update
My Mortgage Company
Steve Lawrence
Wednesday, September 2, 2026
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Do you know how much equity you have? |
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Hi there—this week I want to walk you through something that often gets overlooked.
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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 & Borrowing
You might have more money available than you think
As a homeowner, you've likely built equity—the difference between what your home is worth and what you still owe. That equity can be a powerful financial tool if you need it. A cash-out refinance or home equity line of credit lets you tap into that value for major expenses: repairs, education, debt consolidation, or other goals. The process is straightforward, and you may be surprised at how much you've already built up in your home. If you're thinking about a big financial move this year, it's worth a conversation to see what options make sense for your situation. Let's talk about whether tapping your home's 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
Steve Lawrence
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