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Mortgage Market Update
My Mortgage Company
Ascent Mortgage Partners
Thursday, August 27, 2026
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What's your home equity worth right now? |
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Hello! Here's what matters this week in mortgage lending and homeownership. I'm sharing something important about the value you've already built.
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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 harder than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this becomes real money. Beyond your monthly payments, your home's value itself can grow, which means your equity grows too. This matters because equity is flexibility: you can borrow against it for repairs, education, or other big expenses. It's also your financial cushion if life throws you a curveball. Many homeowners don't realize how much equity they've built until they need it—or until they're ready to move or refinance. If you've been in your home for a few years, I'd encourage you to take a fresh look at where you stand. It might open up options you didn't know you had. Let's talk about your equity situation 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
Ascent Mortgage Partners
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