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Mortgage Market Update
My Mortgage Company
Camille Olson
Thursday, August 27, 2026
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How much equity do you have right now? |
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Hello! This week I want to remind you of something that happens quietly in the background of homeownership.
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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's equity is working for you
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this grows into real financial cushion. Some of you have built substantial equity and may not realize it. That equity can be tapped for major expenses, home improvements, or other goals through a refinance or home equity line. Even if you're early in your loan, you're already building something. The sooner you understand where you stand, the sooner you can make informed decisions about your money. I'd love to run a quick equity check with you—it takes just a few minutes and might reveal options you didn't know existed. Reach out and let's talk about how much equity you've built so far.
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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
Camille Olson
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