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Mortgage Market Update
My Mortgage Company
Sean Carter LLC | LPT Realty
Tuesday, September 1, 2026
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How much equity are you sitting on? |
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Building a home means building wealth. This week we're talking about equity—what it is, why it matters, and how to make the most of it.
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National Mortgage Rates · August 27, 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 while you sleep
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this grows into real financial power you can tap into if you need it. Some homeowners don't realize how much equity they've accumulated, especially if they've been in their home for several years or if values have risen in their area. Knowing your equity position matters because it opens doors: you might refinance into better terms, pull cash for home improvements or other goals, or simply feel more secure knowing you're building wealth. I'd love to help you understand exactly where you stand and what options that unlocks for you. Let's talk about your home's equity and what it means for your financial picture.
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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
Sean Carter LLC | LPT Realty
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