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Mortgage Market Update
My Mortgage Company
Gabriel Lopez
Thursday, August 27, 2026
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Your home is building wealth every month |
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Hi there—this week I want to remind you about something that happens quietly in the background of homeownership, and why it matters more than most people realize.
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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
One thing I love about homeownership is that every mortgage payment you make builds equity—the difference between what your home is worth and what you still owe. It's forced savings that happens automatically. Over time, that equity can become a valuable resource. Some borrowers tap into it for home improvements, education, or other goals through a refinance or home equity line of credit. Others simply let it grow as their investment in their family's future. Either way, it's worth understanding how much equity you've built and what options you might have. If you'd like to talk about your specific situation, I'm here to help you figure out what makes sense. Let's review how much equity you've built and discuss what might work best for your goals.
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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
Gabriel Lopez
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