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Mortgage Market Update
My Mortgage Company
Spencer Javier
Thursday, August 27, 2026
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How much equity do you have right now? |
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Equity is one of homeownership's hidden superpowers. Let's talk about what it is and why it matters to your long-term finances.
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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 every month
Every mortgage payment you make builds equity — that's the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth. It's one of the reasons homeownership matters so much to families: you're paying toward something you'll own outright, instead of paying rent with nothing to show for it. The earlier you start, the more equity you accumulate. If you're curious about how much equity you've built, or wondering whether it makes sense to tap into it for a major expense or home improvement, I'd love to walk you through your options. There's no one-size-fits-all answer, but understanding what you have is the first step. Let's talk about your 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
Spencer Javier
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