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Mortgage Market Update
My Mortgage Company
Matt Vern
Wednesday, September 2, 2026
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What's your home actually worth today? |
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Home values matter—not just to real estate agents, but to you as a borrower. I want to explain why and how it affects your choices.
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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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Smart Money
Why your home's value matters more than you think
As a homeowner, you're building something most renters never will: real wealth. Every mortgage payment you make chips away at what you owe while your home appreciates over time. That combination is powerful. Understanding what your home is worth today—not just what you paid for it—opens doors. It helps you see your financial options clearly, whether that's refinancing to a better rate, tapping into equity for a major expense, or simply knowing where you stand. I encourage homeowners to get a sense of their home's current value at least once a year. Market conditions shift, neighborhoods change, and your financial picture evolves. Knowing your position gives you real confidence in your next move. Let's talk about what your home is worth and what options that creates 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
Matt Vern
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