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Mortgage Market Update
My Mortgage Company
Tera Taylor
Thursday, August 27, 2026
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How much equity do you have? |
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Hi there. This week I want to talk about something that happens quietly in the background—and it might be more valuable than you think.
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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 money that stays in your pocket, not a landlord's. The more equity you have, the more options open up—whether that's refinancing to better terms, tapping into a home equity line for major expenses, or simply owning more of your property outright over time. If you've been in your home for a few years, you might be surprised how much equity you've already built. Understanding what you have can help you make smarter financial decisions down the road. I'd love to take a quick look at where you stand and talk through what options might make sense for your situation. Reach out, and we can run the numbers on your equity together.
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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
Tera Taylor
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