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Mortgage Market Update
My Mortgage Company
Transformation Home Loans
Thursday, August 27, 2026
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What your equity is worth—and why it matters |
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Hello! This week I want to focus on something that many homeowners don't think about nearly enough: the wealth they're quietly building with every 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 Basics
Your home builds wealth every month—here's how
Every mortgage payment you make does two things: it pays interest to your lender, and it builds equity in your home. Equity is simply the difference between what your home is worth and what you still owe on it. Over time, as you pay down your loan and your home's value may appreciate, that equity grows. It's one of the most powerful wealth-building tools available to homeowners. The longer you stay in your home, the more equity you accumulate. And when life circumstances change—whether you're thinking about your next move, need cash for a major expense, or want to refinance—that equity can become a real asset. I'd love to help you understand how much equity you may have built and what options that might open up for you. Let's talk about your home's equity and what it could mean for your financial goals.
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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
Transformation Home Loans
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