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Mortgage Market Update
My Mortgage Company
The Raydiant Team- Edge Home Finance, LLC
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Hi there. This week I want to talk about something that belongs entirely to you—the equity in your home.
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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 working for you, even when you're sleeping
Every mortgage payment you make does two things: it pays interest to the lender, and it builds equity in your home. That second part—the equity—is yours. As you pay down the loan balance month after month, you're building real wealth that belongs to you, not the bank. Over time, as your home may appreciate in value, that equity grows even faster. The sooner you understand how much equity you've built, the sooner you can think strategically about what to do with it—whether that's refinancing to a better rate, tapping into it for a major expense, or simply letting it accumulate as your nest egg grows. Your equity is one of the most powerful financial tools you own, and it's worth paying attention to. If you'd like to know how much equity you have right now, I'd be happy to take a quick look at your situation.
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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 Raydiant Team- Edge Home Finance, LLC
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