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Mortgage Market Update
My Mortgage Company
One Stop Financial Group
Thursday, August 27, 2026
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How much equity do you have in your home? |
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Hi there—this week I want to talk about something that builds quietly but steadily for every homeowner: equity. It's one of the smartest parts of owning a home, and I think you'll find it encouraging to understand.
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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 for you
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe. Over time, as you pay down your loan and your home appreciates, that equity grows. It's one of the most powerful wealth-building tools available to homeowners, and it happens whether you're thinking about it or not. The sooner you understand how much equity you've built, the sooner you can explore what it means for your future—whether that's refinancing into better terms, funding a renovation, or simply knowing you're in a stronger financial position than you were years ago. I'd love to help you get a clear picture of where you stand. Let me know if you'd like a quick conversation about your home's equity and what options might be available to 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 Stop Financial Group
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