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Mortgage Market Update
My Mortgage Company
Oltin Roshi
Thursday, August 27, 2026
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How much of your home do you actually own? |
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Hi there. This week I'm thinking about something a lot of homeowners overlook—the real power of equity and what you can do with it.
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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 harder than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, this compounds. But equity isn't just something that sits there. When you've built enough of it, you unlock real options: the ability to refinance into better terms, tap that equity for major expenses or investments, or simply own more of your home outright. The catch is that it happens quietly, in the background, which is why many homeowners don't realize how much equity they've actually accumulated. If you've been in your home for a few years, it might be worth taking stock of where you stand. That knowledge often opens doors you didn't know were there. Let's talk about what your equity 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
Oltin Roshi
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