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Mortgage Market Update
Lynnsy Hamilton-Obert
Lynnsy Obert
Wednesday, September 2, 2026
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Should your equity be earning for you? |
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Hi there. This week I want to talk about something a lot of homeowners overlook: turning their equity into a tool that actually works for them.
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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
Your equity could work harder for you
If you've been in your home for a few years, you've likely built real equity—that's the difference between what your home is worth and what you still owe. Many homeowners don't realize they have options for putting that equity to work: a cash-out refinance lets you borrow against it at your home's current rate, or a home equity line of credit gives you flexible access when you need it. Both can fund renovations, pay off debt, or cover major expenses. The key is understanding which approach fits your timeline and goals. If you're curious whether tapping your equity makes sense for your situation, I'm happy to walk through the numbers with you. Reach out anytime—I can help you explore what's possible with the equity you've built.
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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 Lynnsy Hamilton-Obert team any time and we'll walk you through your options. |
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