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Mortgage Market Update
My Mortgage Company
Jose Ramos
Thursday, August 27, 2026
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How much equity do you have now? |
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Hi there,
This week I want to remind you of something powerful: your mortgage is an investment, not just a bill.
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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—that's the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth. The sooner you start, the more you benefit from that growth. If you've owned your home for a few years, you may have built more equity than you realize. Some people tap into that equity to pay for big expenses, fund home improvements, or refinance into better terms. Others simply let it grow. Either way, it's worth knowing what you have. I can help you understand your equity position and explore whether it makes sense to use it. Reach out anytime—there's no obligation to do anything with it, but it's smart to know your options. Let's talk about what your home equity 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
Jose Ramos
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