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Mortgage Market Update
My Mortgage Company
The Loan Lady Club
Thursday, August 27, 2026
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How much equity do you have built up? |
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Hi there — this week we're looking at something many homeowners overlook: the wealth they're quietly building with each payment.
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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 equity is growing faster than you think
Every mortgage payment you make builds equity — the difference between what your home is worth and what you owe. But most homeowners don't realize how much they've accumulated over time, especially if you've owned for several years or your home's value has appreciated. That equity can be a financial tool: it opens doors to refinancing options, home equity lines of credit, or funds for repairs and improvements. The stronger your equity position, the more flexibility you have if your circumstances change. If it's been a while since you've thought about yours, I'd love to give you a clear picture of where you stand and what options might make sense for your situation. 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 Loan Lady Club
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