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Mortgage Market Update
test account
Shez Testing account
Wednesday, September 2, 2026
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Your home equity might be worth exploring |
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Home equity is real wealth you've built. This week I want to share what you can actually do with it.
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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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Home Equity Strategy
What you can do with home equity
If you've built equity in your home—whether through payments, appreciation, or both—you have options. A home equity loan or line of credit lets you borrow against that equity for major expenses: repairs, education, debt consolidation, or even a home improvement project. The rates are often competitive, and the interest may be tax-deductible. The key is borrowing intentionally and making sure the monthly payment fits your budget. Every situation is different, so it's worth understanding what you qualify for and whether it makes sense for your goals. I'm happy to walk through the numbers and help you see what's realistic. Let's talk about whether a home equity option 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 test account team any time and we'll walk you through your options. |
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