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Mortgage Market Update
My Mortgage Company
LaTasha Walker
Wednesday, September 2, 2026
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How much equity are you sitting on? |
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Hi there. This week I want to circle back to something that matters more than a lot of people realize: the equity you've built in your home.
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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 is working harder than you think
A lot of homeowners don't realize that as you pay down your mortgage and your home appreciates, you're building real wealth. That equity can be a financial tool—whether you need to tap it for a major expense, consolidate debt, or invest in a renovation that adds value back. The best part is you don't have to sell your home to use it. If you've been in your home for a few years, you may have more options than you think. I'd love to walk through what your equity position looks like and what it might mean for your situation. Let's talk about what you've built—reach out and we can review your options.
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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
LaTasha Walker
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