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Mortgage Market Update
My Mortgage Company
Pacific Roots Lending Team
Thursday, August 27, 2026
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How much equity do you have right now? |
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Hi there. This week I want to remind you of something many homeowners overlook: the wealth you're quietly building with every payment.
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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—that's the difference between what your home is worth and what you owe. Most people think of equity only when they're selling, but it's actually a powerful financial tool right now. As you pay down your loan, you're creating options: a cushion against market shifts, borrowing power for home improvements or other needs, or a foundation for your next move. The longer you stay in your home, the faster equity typically grows. If you've been in your place for a few years, you might be surprised how much you've built up. I'd love to show you where you stand and what that equity could mean for your financial picture. Let's talk about your equity and what doors it might open for you.
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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
Pacific Roots Lending Team
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