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Mortgage Market Update
My Mortgage Company
Darcy Highfill
Wednesday, September 2, 2026
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Do you know how much equity you have? |
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Hi there. As the year moves forward, many homeowners start thinking about their next financial move. One of the smartest first steps is understanding where you stand.
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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 & Options
You may have built more equity than you realize
If you've owned your home for a few years and made regular payments, you likely have equity—the difference between what your home is worth and what you still owe. That equity can be a valuable tool. Some homeowners use it to refinance into better loan terms, others tap it for home improvements or major expenses through a home equity line or loan. The key is understanding what you have available and what makes sense for your situation. Your equity is real money, and it's worth knowing the options. I'd be happy to walk through where you stand and what might work for you. Reach out anytime—I can give you a quick snapshot of your equity and talk through what it could mean for your goals.
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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
Darcy Highfill
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