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Mortgage Market Update
My Mortgage Company
Gavin Guthrie
Thursday, August 27, 2026
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What is your home equity worth right now? |
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Hi there. This week I want to remind you of something powerful that's probably happening in your home right now—and you might not even be thinking about it.
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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 for you
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Over time, this stake in your property grows, and it can become a valuable financial tool. Whether you're early in your loan or several years in, understanding your equity helps you make smarter decisions about refinancing, home improvements, or even borrowing against that built-up value when life happens. The sooner you know where you stand, the better you can plan. I'm happy to pull a quick equity snapshot for you and talk through what it means for your situation. Reach out if you'd like to discuss your current equity position and what options might make sense.
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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
Gavin Guthrie
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