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Mortgage Market Update
My Mortgage Company
Peyton Fullerton
Thursday, August 27, 2026
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How much equity are you building right now? |
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Hello! I hope your week is off to a strong start. This week I want to talk about something that's working in your favor whether you think about it or not.
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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 building wealth for you
Every mortgage payment you make does two things: it covers interest and it builds equity in your home. Over time, as you pay down the principal, you're accumulating real wealth that belongs to you. That equity can matter later — whether you want to tap into it for a major expense, refinance into better terms, or simply know you're building something tangible. The sooner you understand how much equity you have and how it's growing, the better decisions you can make about your financial future. If you're curious where you stand or want to explore what your equity might mean for your options down the road, I'd love to walk through it with you. Let's take a look at your equity and what it could do 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
Peyton Fullerton
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