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Mortgage Market Update
My Mortgage Company
Sarah Hubbard
Wednesday, September 2, 2026
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Your equity is growing faster than you think |
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Hi there. This week I want to talk about something quiet but powerful happening in your mortgage right now.
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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
The invisible advantage of paying your mortgage
Every payment you make builds equity—the difference between what your home is worth and what you owe. For many homeowners, this is the single largest wealth-building tool they'll ever have. As you pay down your loan balance month after month, you're not just covering interest; you're steadily increasing your stake in your home. That equity can become a resource down the road, whether you need to refinance, make improvements, or handle an unexpected expense. The sooner you understand how your payments are working for you, the better you can plan ahead. I'd love to walk you through where your equity stands and what options might make sense for your situation. Let's take a look at your equity picture—reach out anytime.
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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
Sarah Hubbard
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