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Mortgage Market Update
Marc Pierannunzio
Marc Pierannunzio
Thursday, August 27, 2026
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How much equity do you actually have? |
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Home equity isn't just a number on paper—it's financial momentum working in your favor. Let's talk about what that means for you.
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National Mortgage Rates · August 27, 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 grows into real wealth. Beyond payments, your home's value itself can increase, adding even more equity to your position. The longer you stay in your home, the more this compounds. If you're curious whether you've built enough equity to tap into for a major expense, a home improvement, or even a refinance, it's worth a conversation. I can help you understand exactly where you stand and what options might be available to you. Let me know if you'd like to talk through your equity position 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 Marc Pierannunzio team any time and we'll walk you through your options. |
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