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Mortgage Market Update
Amy Oliverio
Amy Oliverio
Wednesday, September 2, 2026
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One simple move to build equity faster |
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Hi there. This week I want to share a strategy I see work really well for homeowners who want to get ahead on their mortgage.
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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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Smart Money
How to build home equity faster
Building equity is one of the most powerful wealth-building tools homeownership offers—but many people don't realize how much control they have over the speed. Beyond making your regular payment, there are strategic moves that can grow your equity meaningfully: paying a little extra toward principal each month, making one extra payment per year, or refinancing into a shorter loan term when rates are favorable. Even small moves compound over time. The sooner you start, the more equity you'll have built by the time you're ready to move, renovate, or tap into it for a major life goal. I'd love to talk through which strategy might work best for your situation—let's chat.
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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 Amy Oliverio team any time and we'll walk you through your options. |
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