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Mortgage Market Update
My Mortgage Company
One Real Mortgage's Account
Thursday, August 27, 2026
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Do you know how much equity you've built? |
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Hey there—this week I want to talk about something that quietly builds value in your life: your home equity.
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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 probably worth more than you think
If you've been paying your mortgage for a few years, you've likely built up equity without even thinking about it. Every payment you make builds ownership stake in your home, and if your home's value has appreciated, that equity grows even faster. The thing is, most homeowners don't realize how much equity they have until they need it—or until someone asks. Knowing your equity position matters because it opens doors: it can help you refinance, tap into funds for home improvements or other goals, or simply give you peace of mind about your financial position. If you're curious about where you stand, I'd love to have a conversation. A quick equity check costs nothing and might surprise you. Let's talk about your home's equity and what options might make sense 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
One Real Mortgage's Account
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