Lindsay Kinniburgh · August 27, 2026

What your mortgage payments are really building

Mortgage Market Update

My Mortgage Company

Lindsay Kinniburgh

Thursday, August 27, 2026

What your mortgage payments are really building

I spend a lot of time talking about rates and payments, but today I want to focus on something equally important: the equity you're building with every payment you make.

National Mortgage Rates · August 20, 2026

30-Year Fixed

6.65%

FHA 30-Year

6.53%

VA 30-Year

6.32%

Rate trend

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.


Equity Building

Your home is working for you—here's how

Every mortgage payment you make builds equity in your home. That's real wealth you're creating month after month, separate from any appreciation your property might experience. The longer you stay in your home, the faster that equity grows—and the more options it opens up later, whether you want to refinance, tap into a home equity line, or simply own your place outright sooner.

Understanding your equity matters because it changes what's possible for you as a borrower. If life circumstances shift—a better job, a bigger family, a chance to upgrade—knowing your equity position helps us explore your real options together. I'm always happy to run a quick equity check for you, no pressure, just clarity.

If you'd like to know where you stand on equity right now, just let me know.

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.

Tips for Homeowners

Understanding Mortgage Points

1.

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.

2.

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.

3.

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.

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.

Your Mortgage Advisor

M

My Mortgage Company

Lindsay Kinniburgh

You are receiving this from Lindsay Kinniburgh.  Unsubscribe