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Mortgage Market Update
My Mortgage Company
Jonathan Capellen
Wednesday, September 2, 2026
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Have you thought about what your equity can do? |
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Hi there — I wanted to share some thinking about home equity this week, and how it can work for you.
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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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Home Equity
What you can do with the equity you've built
If you've been paying your mortgage for a while, you likely have equity in your home — the difference between what your home is worth and what you still owe. That equity isn't just sitting there. Depending on your situation, you may be able to tap into it for major expenses, home improvements, or to consolidate debt at a lower rate. The right move depends on your goals, your timeline, and what makes sense for your finances. I'd be happy to walk through your options and help you understand what's available to you. 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
Jonathan Capellen
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