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Mortgage Market Update
My Mortgage Company
925 E Windsor Dr
Thursday, August 27, 2026
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How much equity do you have in your home? |
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Home ownership builds wealth in ways that renting never can. Let me show you what that looks like in your situation.
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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—here's how
Every mortgage payment you make builds equity in your home. That's money working in your favor. Over time, as you pay down your loan balance and your home's value may appreciate, that equity grows—and it becomes a real asset you can tap into if you need it. Understanding how much equity you have matters, especially if life circumstances change and you're wondering what options are available to you. Whether you're thinking about refinancing, a home improvement project, or just want to know where you stand financially, knowing your equity position is the first step. I'd be happy to run the numbers and show you exactly where you are. Reach out anytime—let's take a look at your equity and what it means for your next move.
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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
925 E Windsor Dr
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