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Mortgage Market Update
My Mortgage Company
Bishoi Nageh
Thursday, August 27, 2026
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How much equity do you actually have? |
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Hi there. This week I want to remind you of something that's probably happening right now, whether you think about it or not: your home is building wealth for you.
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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 still owe. It's one of the most powerful wealth-building tools available to homeowners, and it happens automatically as you pay down your loan. Over time, this equity can become a financial cushion you can tap into if life throws you a curveball, or it can fund a major goal like a renovation or another investment. The sooner you understand how much equity you have, the better decisions you can make about your money. If you've never calculated it, now's a good time to start. Let me know if you'd like to review where you stand. Reach out anytime — I'm happy to help you understand your equity position and what it means for your future.
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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
Bishoi Nageh
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