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Mortgage Market Update
My Mortgage Company
Samuel P. Royer
Thursday, August 27, 2026
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How much equity have you built? |
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Every homeowner builds wealth differently. This week, I want to remind you of one of the most powerful ways that homeownership pays off.
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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—that's the difference between what your home is worth and what you owe. Over time, this becomes real wealth. The sooner you start, the more it compounds. If you've owned your home for a few years, you might be surprised how much equity you've already built. That equity can be a financial cushion, a source of funds for major expenses, or even a stepping stone to your next move. Whether you're thinking about staying put or planning ahead, it's worth knowing where you stand. I'd love to give you a clear picture of your equity position and talk through what options might make sense for your situation. Reach out and let's take a look at where your equity stands 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
Samuel P. Royer
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