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Mortgage Market Update
My Mortgage Company
William Call
Thursday, August 27, 2026
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Do you know how much equity you've built? |
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Building wealth through homeownership happens quietly, month after month. Today I want to remind you of a powerful asset you may already have.
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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 equity is working for you
Every mortgage payment you make builds equity—you're slowly shifting ownership from the lender to yourself. Over time, this becomes real wealth. Beyond monthly payments, your home's value may also grow, which can add even more equity to your account. If you've been a homeowner for a few years, you might be surprised how much you've built up. Knowing your equity matters because it opens doors: it can help you refinance at better terms, tap into funds for home improvements or other needs, or strengthen your financial position. I'd love to help you understand exactly where you stand with your equity and what options might make sense for your situation. Let's talk about your home equity and what it could mean 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
William Call
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