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Mortgage Market Update
Cyndi Delcid
Cyndi Delcid
Wednesday, September 2, 2026
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What happens when your home value goes up |
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Home values can shift over time, and when they do, your financial picture shifts with them. Here's what you should know.
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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 Strategy
What to do when your home gains value
As your home appreciates, you're building equity — the difference between what your home is worth and what you owe. That equity isn't just a number on paper. It can become a tool. Whether you're thinking about a major renovation, facing an unexpected expense, or planning for the future, knowing you have options can be reassuring. Some homeowners tap into equity when it makes sense; others prefer to let it sit. The key is understanding what's available to you and when it might actually serve your goals. If you'd like to explore what your current equity situation looks like and what options might be worth considering, I'm here to walk through it with you. Reach out and let's talk about what your equity could mean for your plans.
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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 Cyndi Delcid team any time and we'll walk you through your options. |
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