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Mortgage Market Update
My Mortgage Company
Kelly Cuffe
Thursday, August 27, 2026
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How much equity are you building? |
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Welcome back! This week I want to remind you of something powerful that happens quietly every month on your mortgage.
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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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Building Equity
Your mortgage is building wealth every month
Here's something that often gets overlooked: every payment you make toward your mortgage is money staying in your pocket instead of going to a landlord. Over time, that adds up to real equity—the difference between what your home is worth and what you still owe. That equity becomes available to you later, whether you need it for a major repair, education, or other financial goal. The sooner you understand how much equity you're building, the better you can plan ahead. If you haven't thought about your equity position in a while, or if you're curious what your home might be worth today, I'd love to walk through the numbers with you. Reach out and let's talk about your equity and what it might mean for your financial 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
Kelly Cuffe
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