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Mortgage Market Update
My Mortgage Company
Marysol Ruiz
Wednesday, September 2, 2026
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How much equity do you have right now? |
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I hope you're doing well this week. Let me share something that often surprises homeowners when we talk about 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 Building
Your mortgage is doing more than you think
Every payment you make builds equity in your home—that's the difference between what your house is worth and what you still owe. Over time, that grows into real financial power. Some homeowners don't realize how much equity they've accumulated, which means they're missing opportunities to tap into it if they need to. Whether you're thinking about a major expense, home improvement, or just want to know where you stand, it's worth finding out your actual number. I can help you understand how much equity you've built and what options might be available to you. Let's talk about your home's equity and what it means for your financial picture.
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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
Marysol Ruiz
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