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Mortgage Market Update
My Mortgage Company
Lexi Blackwell
Thursday, August 27, 2026
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What's your home equity doing for you? |
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This week I want to remind you of something easy to overlook: every payment you make is building real wealth. Let me explain how, and why it matters now.
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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—the difference between what your home is worth and what you owe on it. That's money staying in your pocket, not a landlord's. Over time, that equity becomes real financial security. You can tap into it for renovations, education, or emergencies through a home equity line of credit or loan. The sooner you start, the more you build. If you've been in your home for a few years and haven't thought about your equity position lately, it might be worth a conversation. I'd love to walk you through where you stand and what options could make sense for your situation. Reach out, and let's talk about the equity you've built so far.
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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
Lexi Blackwell
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