Janine Baeza · August 27, 2026

Do you know how much equity you've built?

Mortgage Market Update

My Mortgage Company

Janine Baeza

Thursday, August 27, 2026

Do you know how much equity you've built?

I'm sharing practical money moves every homeowner should understand. This week: why your equity matters more than you might think.

National Mortgage Rates · August 20, 2026

30-Year Fixed

6.65%

FHA 30-Year

6.53%

VA 30-Year

6.32%

Rate trend

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.


Equity Building

Your home is working for you—here's how

Every mortgage payment you make builds equity in your home. That's different from renting—money that stays with you. As you pay down your loan balance and your home holds or gains value, that equity grows. It's one of the quieter benefits of homeownership, but it's real and it adds up over time.

Knowing how much equity you have matters. It can open doors later—whether you're thinking about refinancing, making improvements, or handling an unexpected expense. I'm happy to walk you through where you stand and what options might make sense for your situation.

Let's talk about your equity and what it means for your financial picture.

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.

Tips for Homeowners

Understanding Mortgage Points

1.

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.

2.

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.

3.

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.

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.

Your Mortgage Advisor

M

My Mortgage Company

Janine Baeza

You are receiving this from Janine Baeza.  Unsubscribe