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Mortgage Market Update
Antonietta Lauro
Antonietta Lauro
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Hi there. This week I want to talk about something that quietly works in your favor every single month: home equity.
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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 probably worth more 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, as you pay down your loan balance and your home's value holds or appreciates, that equity grows. Many homeowners don't realize how much they've accumulated, especially if they've been in their home for several years. That equity can be a valuable financial tool down the road, whether you need it for home improvements, education, or other major life events. If you're curious about where you stand, I'd be happy to walk you through it with no obligation. Reach out anytime—I can give you a clear picture of your equity position.
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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 Antonietta Lauro team any time and we'll walk you through your options. |
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