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Mortgage Market Update
My Mortgage Company
Debbie Nazarino — Debbie Nazarino
Wednesday, September 2, 2026
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Protecting the equity you've built |
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Hi there,
I wanted to share something I see come up often with homeowners—a habit that can make a real difference over time.
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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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Smart Money
One move that protects your home equity
Building equity in your home is one of the best wealth-building tools available to homeowners. But equity can work against you if you're not careful. One smart habit is to avoid tapping into your equity unnecessarily—or if you do, to have a clear plan for paying it back. Whether it's a home equity line of credit, a cash-out refinance, or a second mortgage, borrowing against what you've built can make sense for the right reasons (like home improvements that add value), but it's easy to slip into using equity as a general-purpose credit card. The stronger your equity position stays, the more financial flexibility you'll have down the road. I'd be happy to talk through your options and help you think through what makes sense for your situation.
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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
Debbie Nazarino — Debbie Nazarino
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