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Mortgage Market Update
My Mortgage Company
Jamie Becker
Thursday, August 27, 2026
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Do you know how much equity you've built? |
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Building wealth through homeownership happens quietly, month after month. This week, we're looking at one of the most overlooked tools at your fingertips: your 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 Awareness
You might have more equity than you think
If you've owned your home for a few years and made regular payments, there's a good chance you've built up equity—the difference between what your home is worth and what you still owe on the mortgage. This equity can be a powerful financial tool. Some homeowners tap into it through a cash-out refinance or a home equity line of credit when they need funds for major expenses, home improvements, or debt consolidation. Others simply benefit from knowing they own a bigger piece of their home each month. Either way, understanding your equity position gives you options and peace of mind. If you're curious about where you stand, I'd be happy to walk through the numbers with you. Let's talk about your home's equity 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 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
Jamie Becker
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