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Mortgage Market Update
My Mortgage Company
Lamar Moore
Thursday, August 27, 2026
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How much equity are you building each month? |
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Welcome back. This week, let's talk about something that happens quietly in the background of homeownership—and why it matters.
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National Mortgage Rates · August 20, 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 Building
Your home is working for you—here's how
Every mortgage payment you make builds equity in your home. That's different from renting, where your money goes to a landlord. As you pay down your loan balance and your home's value can appreciate over time, you're accumulating real wealth. This equity can become useful down the road—whether you want to refinance into better terms, take out a home equity line for renovations or other needs, or simply have more cushion if life circumstances change. The sooner you understand how much equity you're building, the better you can plan ahead. I'd be happy to walk through what your equity position looks like right now and what options that might open up for you. Let's take a look at your equity and what it means for your financial future.
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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
Lamar Moore
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