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Mortgage Market Update
My Mortgage Company
Traci Gratzek
Thursday, August 27, 2026
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You're building more than just a mortgage payment |
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Hi there. This week I want to remind you of something that often goes unnoticed—the wealth you're quietly building every month.
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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 every month
Every mortgage payment you make builds equity—that's the portion of your home's value that you actually own. The longer you stay in your home, the more equity accumulates, and that can open doors down the road. Whether you're thinking about a future home improvement, need access to cash for life's surprises, or simply want to understand your financial position better, knowing your equity matters. The equity you're building right now is real wealth. If you'd like to discuss how much equity you may have accumulated or explore what options that might create for you, I'd be happy to walk through it together. Get in touch if you'd like to talk through your equity and what it could mean for your financial goals.
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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
Traci Gratzek
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