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Mortgage Market Update
My Mortgage Company
Zenlo Lending
Thursday, August 27, 2026
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How much equity have you built so far? |
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Hi there,
We're diving into one of the best parts of homeownership this week—and it's something that quietly works in your favor every single month.
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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 does two things: it covers the interest your lender charges, and it builds equity—real ownership stake in your home. Over time, that equity grows faster as you pay down principal. It's one of the smartest reasons to own instead of rent. If you've been in your home for a few years, you may have more equity than you realize. That equity can become a tool later—whether you need cash for repairs, education, or other goals. The key is understanding where you stand right now. I'd love to have a quick conversation about your home's equity and what options might make sense for your situation down the road. Reach out anytime—I can give you a clear picture of where your equity stands.
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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
Zenlo Lending
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