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Mortgage Market Update
My Mortgage Company
Lindsay Luton
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Building wealth through homeownership is one of the quietest, steadiest wins available. Let's talk about what you've already built.
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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 equity is probably higher than you think
If you've owned your home for a few years and kept up with your mortgage payments, you've likely built more equity than you realize. Every payment you make goes partly toward principal—money that stays in your pocket. Add in any appreciation your home has experienced, and you could have a meaningful asset to work with. That equity can open doors: it's the foundation for a cash-out refinance if you need funds for renovation, consolidation, or a major life expense. It's also what gives you options if your situation changes. I'd encourage you to get a clear picture of where you stand. Knowing your equity helps you make smarter financial decisions down the road. Let's review your home's current value and equity position—no obligation.
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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
Lindsay Luton
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