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Mortgage Market Update
My Mortgage Company
Sandra Johnson
Wednesday, September 2, 2026
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Do you know how much equity you have? |
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Hi there—this week I'm thinking about one of the most overlooked tools homeowners have: the equity they've built over time.
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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 unlock options
If you've owned your home for a few years, you've likely built equity—the difference between what your home is worth and what you still owe. That equity can work for you in real ways. Some borrowers use it to refinance into better loan terms. Others tap it to fund repairs, pay down debt, or cover life expenses through a cash-out refinance or home equity line of credit. The key is understanding what you have available and whether using it makes sense for your situation right now. Every homeowner's circumstances are different, which is why it's worth a conversation. I'd be happy to walk you through your options and help you figure out if your equity is an opportunity worth exploring. Let's talk about what your equity could mean for you—reach out whenever you're curious.
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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
Sandra Johnson
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