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Mortgage Market Update
My Mortgage Company
Zompetti Team - DELETE - DUPLICATE
Thursday, August 27, 2026
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Your mortgage is building wealth faster than you think |
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Hello! This week I want to walk you through something that often goes unnoticed—how your monthly payment is quietly working in your favor.
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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 growing. Here's why that matters.
Every mortgage payment you make builds equity in your home—you're paying down the loan balance while your property holds value. Over time, this equity becomes real financial flexibility. You might tap it for a major expense, a home improvement, or other needs through a home equity loan or line of credit. The sooner you start, the more equity you'll have accumulated when you need it. If you've owned your home for a few years or are thinking about buying, understanding how equity works is a smart money move. I'd love to talk through your situation and show you how your payment plan builds wealth over time. Reach out and let's discuss how your equity could work for you.
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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
Zompetti Team - DELETE - DUPLICATE
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