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Mortgage Market Update
My Mortgage Company
Jamey Santangelo
Wednesday, September 2, 2026
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Have you checked your home equity lately? |
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Hi there — I wanted to circle back on something that often gets overlooked: the real wealth you're building every month through your mortgage.
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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 & Refinancing
Your home's equity might open a door
If you've been in your home for a few years, you likely have built equity — the difference between what your home is worth and what you still owe. That equity can work for you in a few ways: a cash-out refinance lets you borrow against it for major expenses, a home equity line of credit gives you flexible access to funds, or a straightforward refinance might lower your monthly payment if rates or your credit have moved in your favor. The catch is timing — the math only works if the benefit outweighs the cost of refinancing. I can walk you through whether tapping into your equity makes sense for your situation right now. Let's talk about what your equity could 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
Jamey Santangelo
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