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Mortgage Market Update
My Mortgage Company
Marcus Szczerbacki
Thursday, August 27, 2026
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How much equity have you built? |
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Hi there,
This week I want to talk about something that quietly works in your favor every single 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 is working for you—here's how
Every mortgage payment you make builds equity in your home. That's real wealth accumulating over time, separate from whether your home's value goes up or down. The longer you stay in your home and the more principal you pay down, the larger your equity stake becomes. This matters because equity can give you options down the road—whether that's refinancing into better terms, accessing funds for a major expense, or simply having more financial flexibility. Understanding how equity works helps you see your mortgage not just as a monthly expense, but as a wealth-building tool. If you're curious about how much equity you've built or what your options might be, I'd love to walk you through it. Reach out anytime—I'm here to help you understand your equity and what it means for your future.
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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
Marcus Szczerbacki
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