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Mortgage Market Update
My Mortgage Company
Ryan Winter
Thursday, August 27, 2026
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How much is your home equity worth? |
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Markets shift, life happens, and your home quietly grows in value. This week, let's talk about one of your biggest financial assets.
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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 quietly working for you
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth. But many homeowners don't realize how much equity they've accumulated, or what they can do with it. Whether you're thinking about a major home project, helping a family member, or simply want to know where you stand, understanding your equity is the first step. If you've owned your home for a few years, the number might surprise you. I'd love to sit down and walk through what your equity position looks like and explore whether a cash-out refinance or home equity line makes sense for your situation. Let's talk about 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
Ryan Winter
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