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Mortgage Market Update
My Mortgage Company
Liah Jones
Thursday, August 27, 2026
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How much equity do you actually have? |
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We talk a lot about rates and payments, but there's another reason homeownership matters: equity. Here's what you should know.
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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 every month
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Over time, this equity becomes real wealth. It's one of the most powerful reasons homeownership makes sense for people planning to stay put. If you've owned your home for a few years, you likely have more equity than you realize. That equity can unlock opportunities later: a line of credit for home repairs, help with a major life expense, or leverage toward your next move. Curious where you stand? I'd love to walk you through what your equity position looks like and what it might mean for your options down the road. Reach out and let's talk about how your equity can work for you.
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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
Liah Jones
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