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Mortgage Market Update
My Mortgage Company
Katie Maynard
Wednesday, September 2, 2026
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Do you know how much equity you have? |
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Hi there,
One of the best parts of owning a home is building equity over time. Let me show you how it might work in your favor.
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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 & Access
Your home's equity might unlock more than you think
If your home has gained value over the years, you're sitting on equity—the difference between what your home is worth and what you still owe on your mortgage. That equity can be a powerful financial tool. Whether you're thinking about a home improvement project, consolidating debt, or funding a major life expense, a home equity loan or line of credit lets you tap into that built-up value at rates that are often better than credit cards or personal loans. The key is understanding what options make sense for your situation and how they fit into your overall financial picture. If you'd like to explore whether your equity could work for you, I'd be happy to walk through the numbers and possibilities. Reach out and let's talk about what your equity could do 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
Katie Maynard
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