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Mortgage Market Update
My Mortgage Company
Korosh Morsh's Account
Thursday, August 27, 2026
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Do you know how much equity you have? |
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This week I want to talk about something many homeowners take for granted: the equity building quietly in their homes. Let's look at why paying attention to it can open doors.
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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 Strategy
Your home's equity is working—here's why that matters
As you make mortgage payments and your home maintains or gains value, you're building equity—real wealth sitting in your property. Many homeowners don't realize how much they've accumulated, or what options that opens up. Having equity gives you flexibility: you can refinance into a better loan program, tap it for major expenses, or simply feel more secure knowing you own more of your home outright. The catch is you have to know what you have. If you've owned your home for a few years or haven't checked in lately, your equity picture may have changed more than you think. I'd encourage you to pull your most recent statement and give me a call. A quick conversation can show you what your equity means for your financial options. Reach out anytime—I'm happy to walk through what your equity position looks like.
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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
Korosh Morsh's Account
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