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Mortgage Market Update
My Mortgage Company
Xpert Home Loans - Sheila Garcia
Thursday, August 27, 2026
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How much equity have you built so far? |
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Building equity might feel like it happens invisibly, but it's one of the most powerful benefits of homeownership. Here's what you should know.
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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 mortgage is working for you every month
Every payment you make builds equity—the difference between what your home is worth and what you owe on it. Over time, this grows into real financial strength. If you've owned your home for a few years, you may be surprised how much equity you've accumulated. That equity can open doors: you might refinance to better terms, borrow against it for major expenses, or simply feel more secure knowing you're building real wealth. If you're early in your mortgage, remember that equity growth accelerates over time. The sooner you start, the more you'll have when you need it most. I'd love to help you understand where you stand today and what options might make sense for your situation. Let's talk about your equity and what it means for your financial future.
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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
Xpert Home Loans - Sheila Garcia
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