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Mortgage Market Update
My Mortgage Company
Jason Grantham
Thursday, August 27, 2026
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How much of your home do you own now? |
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Building wealth through your home happens quietly, one payment at a time. This week, I want to make sure you're aware of the progress you've already made.
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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 Check
Do you know how much equity you've built?
If you've owned your home for a few years, you've likely paid down your mortgage balance and built equity—especially if your home's value has gone up. That equity is one of your most valuable financial assets, and it opens doors: you could refinance to better terms, tap it for a large expense through a home equity loan, or simply feel more secure knowing you own more of your home than you did when you bought it. The first step is knowing what you have. If you haven't checked your equity position in a while, now's a great time. It might surprise you—and it could change how you think about your next financial move. I'd love to walk you through where you stand and what your options look like. Let's figure out how much equity you've built—reach out anytime.
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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
Jason Grantham
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