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Mortgage Market Update
My Mortgage Company
Nathan Grant
Thursday, August 27, 2026
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How much equity are you sitting on? |
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Welcome to this week's newsletter. We're covering a topic that affects your financial health more than you might think.
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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
One of the best parts of homeownership is that your mortgage payment is doing double duty. Part of it goes toward interest, yes—but the rest builds equity in your home. That's real wealth accumulating, month after month, in an asset you already own. The longer you stay in your home, the faster that equity grows. Many homeowners don't realize how much they've built up until they need it—whether for a major repair, a life change, or planning their next move. Understanding your equity position is smart financial awareness. I'd love to walk you through what you've built so far and talk about how to make the most of it. Let's schedule a quick conversation about your equity and what options might make sense for your situation.
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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
Nathan Grant
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