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Mortgage Market Update
My Mortgage Company
Duane Vizinau
Thursday, August 27, 2026
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How much equity have you built? |
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Welcome back. This week, I want to remind you of something powerful that happens quietly over time: your growing stake in your home.
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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—even while you sleep
Every mortgage payment you make builds equity in your home. That's money that stays with you, not a landlord. As you pay down your loan balance and your home holds or appreciates in value, your equity grows—and that opens doors down the road. Whether you refinance, tap into a home equity loan or line of credit, or simply sell someday, that equity is real wealth. The sooner you understand how much you have, the sooner you can plan your next move. If you've owned your home for a while or made significant improvements, you might be surprised at what you've built. Let's take a look at your situation and talk through what your equity means for your goals. Reach out and we can review your home's current equity and what options that might create 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
Duane Vizinau
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