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Mortgage Market Update
My Mortgage Company
Eric Goldstein
Thursday, August 27, 2026
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How much equity have you built? |
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Every week, I see homeowners surprised by how much equity they've quietly built. Here's what you should know about yours.
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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 becomes real wealth. If you've owned your home for a few years, you might have more equity than you realize. That equity can open doors: it qualifies you for a home equity line of credit, supports a cash-out refinance, or simply gives you a stronger financial foundation. The longer you stay in your home and keep paying, the faster this grows. If you're curious whether you have equity to tap, or if there's a smart way to use it, I'd love to walk through your options with you. Let's check your equity position and talk about what's possible.
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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
Eric Goldstein
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