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Mortgage Market Update
My Mortgage Company
Matthew Rizzolo
Thursday, August 27, 2026
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How much equity do you actually have? |
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Homeownership is one of the most proven ways to build long-term wealth. Let's talk about a number that really matters.
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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 while you sleep
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. That's real wealth accumulating in your property, month after month. Many homeowners don't realize how much equity they've built until they need it, whether for a major repair, education expense, or life change. Understanding your equity position matters because it opens doors: refinancing options, home equity lines of credit, or simply knowing your net worth. The sooner you know where you stand, the sooner you can make informed decisions about your financial future. Let's pull your equity snapshot together—reach out anytime to discuss what your home is worth today.
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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
Matthew Rizzolo
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