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Mortgage Market Update
My Mortgage Company
Robert Gleich
Thursday, August 27, 2026
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How much of your home do you actually own? |
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One of the best parts of homeownership isn't talked about enough. We're breaking it down this week so you can see the real value building beneath your roof.
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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 the difference between what you owe and what your home is worth—and it's one of the most powerful wealth-building tools available. As you pay down your loan balance over time, you own more of your property outright. Plus, if your home's value appreciates, that adds to your equity too. Understanding this can help you make smarter decisions about refinancing, home improvements, or even accessing funds for major life expenses down the road. If you'd like to know more about how your equity is growing or what options it might unlock for you, I'm here to walk you through it. Let's talk about your home 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
Robert Gleich
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