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Mortgage Market Update
Mimi Boussekine
Mimi Boussekine
Wednesday, September 2, 2026
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How much of your home do you actually own? |
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Hi there — I wanted to touch base with something that often flies under the radar for homeowners.
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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 Building
Your mortgage is working for you every month
Every payment you make builds equity in your home — that's the portion of ownership you actually own outright. Over time, as you pay down your loan balance, your equity grows, and that's real wealth sitting in your property. The faster rates and market conditions change, the more important it becomes to understand what equity you've built and what options it might unlock. Whether you're thinking about a future move, a home improvement project, or just want to know where you stand, knowing your equity position is a smart money move. I'd love to help you get a clear picture of where you are today. Reach out and we can review your current equity position.
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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 Mimi Boussekine team any time and we'll walk you through your options. |
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