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Mortgage Market Update
My Mortgage Company
E Mortgage Capital
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 forget: every payment is quietly building your wealth.
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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. Over time, this becomes real wealth you can tap into if you need it. Some people refinance to pull out equity for home repairs or consolidate debt. Others just let it grow quietly in the background. The point is, homeownership isn't just about having a place to live. It's about building something. If you're curious whether you have equity available or how much you've built up since you bought, I'd love to walk you through it. Understanding your position is the first step to making smart moves down the road. Let's talk about what equity you've built and what options might make sense 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
E Mortgage Capital
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