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Mortgage Market Update
My Mortgage Company
Christos Peter
Wednesday, September 2, 2026
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Do you know how much equity you have? |
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Hi there. Building a home that's truly yours is one of life's big wins—and part of that win is the equity you're accumulating along the way.
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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 Strategy
Your home's equity can work for you
As a homeowner, you're building equity with every mortgage payment—and that equity is real money sitting in your property. Whether rates move or your neighborhood appreciates, that growing stake gives you options. Some homeowners use it to refinance into better terms, others tap it for major expenses or home improvements. The key is knowing what you have and understanding which moves make sense for your situation. The best time to explore your options is before you need them. I'd love to walk you through where you stand and what's realistic for your goals. Let's talk about your equity and what it means for your next move.
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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
Christos Peter
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