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Mortgage Market Update
My Mortgage Company
Trey Pennington
Thursday, August 27, 2026
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How much equity do you have right now? |
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Markets shift, but your home builds value steadily. This week, let's talk about equity — and why it matters to 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 quietly working for you
Every mortgage payment you make builds equity — you're paying down principal while your home's value typically appreciates over time. That means you're building real wealth, not just paying rent. Many homeowners don't realize how much equity they've accumulated until they need it for a major expense, a life change, or their next move. If you've owned your home for a few years, there's a good chance you have more equity than you think. Knowing what you've built can open doors — whether that's a cash-out refinance for renovations, a home equity line for flexibility, or simply peace of mind about your net worth. I'd love to pull a quick estimate of your equity position and show you what options might make sense for your situation. Let's talk about how much equity you've built and what you can do with it.
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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
Trey Pennington
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