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Mortgage Market Update
My Mortgage Company
Brandon Huynh
Wednesday, September 2, 2026
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Have you checked your home equity lately? |
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Many homeowners don't realize how much equity they've built. This week I want to remind you why it matters—and what you might be able to do with it.
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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 & Options
Your home's equity might be worth more than you think
If you've owned your home for a few years, you likely have built up equity—the difference between what your home is worth and what you still owe on your mortgage. That equity can open doors. Whether you're considering a cash-out refinance to fund home improvements, pay off other debts, or cover a major expense, or you're simply curious about your options, it helps to know what you're working with. Market shifts and mortgage paydown both play a role in how much equity you've accumulated. The best first step is a straightforward conversation about your situation and goals. I'm here to walk you through what's possible. Let's talk about what your equity can do 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
Brandon Huynh
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