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Mortgage Market Update
My Mortgage Company
The Mortgage Tigers
Thursday, August 27, 2026
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How your mortgage payment builds wealth |
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Hello,
This week I want to remind you of something that happens quietly in the background every single month.
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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 of the best parts of owning a home is that your monthly mortgage payment is building equity—the difference between what your home is worth and what you owe on it. Unlike rent, which goes to a landlord, your payment goes toward ownership. Over time, as you pay down your loan and your home potentially appreciates, that equity grows. Some homeowners tap into their equity later through refinancing or a home equity line when they need funds for renovations, education, or other goals. The sooner you start building it, the more options you have down the road. If you'd like to understand how much equity you might have today or how to use it strategically, I'm here to walk you through it. Let's talk about your equity and what it means for your financial 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
The Mortgage Tigers
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