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Mortgage Market Update
My Mortgage Company
Processor Pro - For Deletion
Wednesday, September 2, 2026
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How much of your home do you own? |
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Hi there. I wanted to share something about homeownership that often gets overlooked—the quiet power of building equity with every payment you make.
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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
Every payment builds your wealth
One thing I love about homeownership is that your mortgage payment works for you. Unlike rent, which goes to a landlord, your payment builds equity—the portion of your home you actually own. As you pay down your loan over time, that equity grows. It's one of the most powerful wealth-building tools available to everyday people. If you've owned your home for a few years, you may have built up more equity than you realize. Some homeowners use that equity to fund renovations, consolidate debt, or cover major expenses. If you're curious about what you've accumulated so far, I'd love to take a look and walk you through your options. Let's talk about your home's equity and what it could mean for your financial future.
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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
Processor Pro - For Deletion
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