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Mortgage Market Update
My Mortgage Company
Grizzly Mortgage
Thursday, August 27, 2026
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How much equity are you sitting on? |
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Hi there—this week we're looking at one of the most overlooked sources of wealth for homeowners: the equity you're building month after month.
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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 working harder than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. Over time, this becomes real wealth. But here's what many homeowners miss: as you pay down your loan, you're also building equity through home appreciation. Combined, these two forces can open doors down the road—whether you want to refinance, tap into that equity for a major expense, or simply own your home free and clear sooner. Understanding how much equity you've built isn't just a number on paper; it's a snapshot of your financial progress. If you're curious about where you stand or what options your equity might unlock, I'd love to walk through it with you. Let's talk about your equity and what it means for your next move.
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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
Grizzly Mortgage
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