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Mortgage Market Update
Myrna Hernandez
Myrna Hernandez Venzor
Wednesday, September 2, 2026
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Your equity has options |
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Hi there — I wanted to touch base about something we don't always talk about until someone brings it up. If you own your home outright or have paid down your mortgage over time, there's real opportunity worth exploring.
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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
What you can actually do with your equity
If you've been a homeowner for a few years, there's a good chance you've built up equity in your home. The question I hear most often isn't whether it exists — it's what to do about it. Whether you're thinking about a major renovation, consolidating debt, or covering an unexpected expense, your equity is an asset you can access. The right loan program for your situation depends on your goals, timeline, and comfort level with your monthly payment. I'd love to walk you through your options and show you what's actually possible with the equity you've worked to build. Let's talk about how your equity could work for you — reach out whenever you're ready.
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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 Myrna Hernandez team any time and we'll walk you through your options. |
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