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Mortgage Market Update
My Mortgage Company
Silvia McGeary with Unity Mortgage, LLC
Wednesday, September 2, 2026
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Do you know how much equity you have? |
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Hi there,
One of the best parts of owning a home is how it works for you over time. Let me explain what I mean.
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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 equity can open doors
One of the biggest advantages of homeownership is that your monthly payments build equity—that's the difference between what your home is worth and what you owe. Over time, that equity grows, and it can become a real financial tool. Whether you're thinking about a major home project, handling an unexpected expense, or planning ahead, understanding what you've built can help you make smarter decisions. The more you own, the more options you may have. If you'd like to know what your current equity position looks like, I'm here to walk through it with you—no pressure, just clarity. Reach out if you'd like to talk through your home's equity and what it could mean for you.
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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
Silvia McGeary with Unity Mortgage, LLC
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