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Mortgage Market Update
My Mortgage Company
Jorge Ramirez
Thursday, August 27, 2026
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What's your home actually worth to you? |
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Hi there! This week I want to touch on something that happens quietly in the background of homeownership—but it's one of the biggest reasons buying a home 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 every month
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. Over time, this grows into real wealth. If your situation has changed since you bought—your home's value, your income, or your goals—it might be worth exploring what that equity means for you. Some borrowers use it to refinance into better terms. Others tap into it for major expenses or investments. The point is, equity gives you options. The longer you own, the more financial flexibility you create. If you're curious about how much equity you've built or what you could do with it, I'd love to walk through the numbers with you. Let's talk about what your equity could mean 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
Jorge Ramirez
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